Former Celsius boss Mashinsky sentenced to 12 years, fined $35 million, and banned from the industry for life.
He once touted it as “safer than banks,” but used customers’ money for high-risk bets and concealed losses. Thankfully, the bankruptcy process has returned $3.4 billion to customers.
But the question remains: How many more times are you willing to believe a centralized platform when it claims to be “safer”?
He once touted it as “safer than banks,” but used customers’ money for high-risk bets and concealed losses. Thankfully, the bankruptcy process has returned $3.4 billion to customers.
But the question remains: How many more times are you willing to believe a centralized platform when it claims to be “safer”?