- The overall Twitter community rejoiced after Alex Mashinsky’s arrest.
- YouTuber Coffeezilla says Celsius was a fraud long before Alex Mashinsky’s arrest.
- Citizen Journalist Tiffany Fong reminds followers of how Celsius tried to sue her for leaking information.
Several crypto influencers took to Twitter today to voice their opinions about the arrest of Alex Mashinsky, former CEO of bankrupt crypto lender Celsius. Stephen Findeisen, known to the crypto community as Coffeezilla, spoke about the latest Alex Mashinsky arrest news.
Findeisen, an American YouTuber and crypto journalist who uncovers scams and fraud, has been a vocal critic of Celsius. Three months before the news of arresting Mashinsky, on March 6, 2023, Coffeezilla posted a detailed YouTube video. In the video, he exposed Celsius and called it a billion-dollar fraud, and accused Mashinsky of ruining the lives of many people.
Tiffany Fong, also a well-known crypto influencer, has talked about Celsius in detail several times. She has a playlist on YouTube covering each story about Celsius that happened in the last year.
As soon as Mashinsky was arrested, she tweeted her joy and said, “ALEX MASHINSKY HAS BEEN ARRESTED AT LAST,” and followed up with another tweet, “Have fun in prison, Mashinsky.”
In her “Is Celsius Network Suing Me” YouTube video, Fong said that Celsius spent over $70,000 in an attempt to litigate her. Fong stated that she leaked Celsius’s plan to reopen as Kelvin, their plan to turn the debts into IOU tokens, Mashinsky’s transactions, and his wallet addresses. But Fong explained that she never worked in Celsius, and didn’t sign any NDAs, so she didn’t break any laws.
The founder of Celsius got arrested on Thursday by the U.S. Department of Justice (DOJ) for defrauding customers. Mashinsky got charged with conspiracy, securities fraud, market manipulation, and wire fraud for manipulating the price of Celsius’s token, CEL.
According to the DOJ’s indictment, Mashinsky and Roni Cohen-Pavon, Celsius’s former Chief Revenue Officer, “illicitly manipulated the price of CEL, thereby causing the public to purchase CEL at inflated prices, which personally benefitted Mashinsky and Cohen-Pavon because they were secretly selling their own CEL at prices that they knew did not reflect the token’s true market value.”
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