Celsius, Mashinsky and co, usastrong

Celsius, Mashinsky and co, usastrong

By Kyzerd | Crypto et al | 31 Jul 2024


Now that the mtgox chapter is actually really closing with distributions happening, let's have a look at a very dark and fraudulent chapter in recent bitcoin history. I am of course talking about the Celsius Network, which has been established by a certain A Mashinsky, former CEO of now disgraced and bankrupted Celsius Network. 

With his so called concept "banks are not your friends" and offering high rewards on cryptocurrency deposits, he and his main staff lured blinded, innocent, gullible people into depositing sometimes as much as their entire live savings, retirement funds etc on to their platform. Using social media, mainly twitter and YouTube they had a wide reach of a diverse audience base. Also by using social media and promotions they created a free buzz where people referred friends and family to the platform because they would earn a reward. Mashinsky made weekly live AMAs where he would appear personally in camera with guests promoting his platform, dissing other platforms and banks and telling people to deposit more and more. These sessions were all staged, only positive questions came on board, people got rewarded for asking questions.

He managed to brainwash people like a snake oil salesman. There were many many red flags in the end. The community which was always advertised never existed, it was a few twitter people who kind of rode the wave. When bankruptcy was declared no one was able to withdraw anything anymore everything was looked. The community became a fighting ground of pro Mashinsky people and people who rightfully think they got scammed. Mashinsky stepped down as CEO, put himself in the victim role and never took any responsibility and never apologized. His crownies disappeared silently from the scene or took in new social media personalities. Others free m high management involved in the scam like Nuke Goldstein pretend nothing happened and continue new businesses. 

Usastrong is an online store and basically tries to be an Amazon rip off, with their main selling point of selling USA made products. They do not sell USA made products. The company was created by Mashinsky wife with fraudulent money siffeld from her husbands company Celsius Network. When Celsius went bankrupt she started selling t-shirts unbankrupt yourself, taking the p*** from victims these shirts were of course not USA made. Mashinsky is since co-founder of that second fraudulent company. He is out on bail right now awaiting his trail next year.

The bankruptcy of Celsius is still ongoing with some people having received a distribution and some not (including me). Celsius is not communicating with people still awaiting their distribution and is not answering any questions, neither are Stretto or anyone else involved in the bankruptcy. Making it impossible to get know what needs to be done. So at this point this is a scam on a scam.

Surely many people have profited (management, some employees, most as well influencers on YouTube and Twitter, they know who they are)

This is it in a tiny nutshell I left a lot out...there is a lot and a lot more details...still mad about still waiting for my payout...

 

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