Celsius Cooled
It’s the same old crypto story, the once mouthy, combative self-proclaimed master of the universe ends up pleading guilty…
Alex Mashinsky: Founder Of Bankrupt Crypto Firm To Plead Guilty To Fraud
The Guardian
Celsius Founder Alex Mashinsky Pleads Guilty To Two Fraud Counts
Al Jazeera
It’s amusing to see the crypto bros trying to ignore this case but it’s yet another example of just how much concern is justified over the V1.0 crypto industry which remains at best at V1.5 but unrepentant for SO many failings (and don’t even get me started on the mindless bleating about CZ being pardoned for his crimes…). Crypto has a sleaze problem and it is not eager to address it. Anyway, another fraudster - finally - admits his wrongdoing. I doubt he will be the last either but this is the kind of big name victory for the US government which underpins the logic behind the Gensler-era SEC approach to crypto.
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