The $25 Billion Crypto Scam: Alex Mashinsky's Celsius Collapse

Описание: Alex Mashinsky promised to revolutionize finance. Instead, he orchestrated one of the largest cryptocurrency frauds in history. This is the complete story of how Celsius Network collapsed, leaving hundreds of thousands of people unable to access $4.7 billion in life savings.

In 2017, Mashinsky founded Celsius Network, offering interest rates up to 18% on crypto deposits. He positioned himself as the anti-bank champion, wearing "Banks are not your friends" t-shirts and hosting weekly livestreams. Behind the scenes, he was manipulating markets, making risky investments with customer funds, and lying about platform safety.

When the crypto market crashed in May 2022, Celsius froze all withdrawals. One month later, the platform filed for bankruptcy with a $1.2 billion hole in its balance sheet. Mashinsky sold $48 million of manipulated tokens while customers lost everything.

On May 8, 2025, Alex Mashinsky was sentenced to 12 years in federal prison for commodities fraud and market manipulation. But for victims who lost an estimated $7 billion, justice doesn't return their savings.

🔑 KEY POINTS:
• Celsius managed $25 billion at its peak
• Mashinsky manipulated the CEL token price using customer deposits
• 400,000+ users locked out of $4.7 billion in June 2022
• $48 million in illegal profits from token sales
• 12-year prison sentence handed down in 2025

Hashtags: #Celsius #AlexMashinsky #Crypto #CryptoScam #Cryptocurrency #Bitcoin #Ethereum #FraudCase #CryptoNews #Finance #TrueCrime #Documentary