@mv1986. Hehe it is not where they draw the line. I speculate that Sam has become an informant for the government. There was this article on the Verge that had a clickbait title that asked who was snitching on the big crypto group chat? I reckon it might be the 2 Sams of Alameda Research. Sam Trabucco and later after the arrest, Sam Bankman-Fried.
We know the ending of this story already. The snitches make a deal with the government and walk out of jail, the people who were snitched on go on trial.
Who’s snitching on the big crypto group chat? / And why?
I have been somewhat unsure of what to make about The Wall Street Journal and The New York Times’ reports about text messages, sent on Signal, between rivals Changpeng “CZ” Zhao and Sam Bankman-Fried around the time FTX went up in smoke. That’s because I am not entirely sure who leaked them or who stands to benefit. But I’m pretty sure someone leaked to both of those outlets because the reports went up within hours of each other. So someone wants everyone to know about this!
Source https://www.theverge.com/2022/12/9/23502193/ftx-alameda-binance-kraken-tether-exchange-texts
Topic: Former Celsius CEO Alex Mashinsky reportedly arrested (Read 463 times)
I don't know what the max sentences are for any of the allegations against him, but I saw in a Youtube video that he is facing over 100 years in prison. I think it was 115 years and even if they don't decide to fully exhaust the potential maximum penalty, it is quite likely that he could be dying in prison. There is also overwhelming evidence against him and he dug his hole even deeper making several transactions that to hide some of the funds. Looking at the whole case I doubt that he will get away with this. I am curious where they are going to draw the line between Mashinsky and SBF. Since Mashinsky ran a Ponzi scheme, I guess he is worse off than SBF who claims to be a good guy with good intentions nut bad organizational talent. 
Sam might not go to prison, he might be freed and might only be given a slap on the wrist hehehe. He is Gensler's pet and he might now also be his informant.
On CZ and Binance. There should not be any personal feelings for or against him and the exchange. Everyone who has traded in Binance has agreed on their terms, you paid for the fees and they gave you their service. It is a business relationship. If they are rumored to bite the dust, you should leave the service.
Sometimes it is difficult to understand where those judges draw the line. Mashinsky pulled off a mega scam and so did SBF, but SBF is allowed to spend his time as house arrest in his parents' home, which I assume is probably not the worst place to be detained. Oh now I found out that Mashinsky got released on $40 million bail.
He doesn't seem to be broke then or at least there are still people in his network who still trust him. Those two trials are going to be interesting and it is hard to believe that both will get away with penalties on the lower end. 
Whenever I heard news of people who committed some crypto-related crimes or who fooled the people who trusted them, there is always that celebratory feeling within me. And in my view, this is just right so that we can establish more accountability in this growing but still young industry. There should be no one above the law and all people who trespass the boundaries should be brought to court and defend themselves on accusations leveled against them. Hopefully, I am wishing that those who lost money in Celsius can have a good way to get back even a part of their hard-earned funds.
I was pretty surprised that he was traveling around and appearing at conferences as if nothing happened. Rubbing shoulders with people he had stolen hundreds of thousands of dollars from. Even more surprising is that nobody tried to take his head off. I don’t think I would be able to show that restraint. I’m the end he is where he deserves to be for his fraud and theft.
He has a group of lawyers to back him up, he pleaded not guilty on all the charges so that means he is ready to face trial and defend himself and probably he'll go for a settlement, the guy is good at presenting himself that's what scammers are great of, they do scamming and still face you and smile at you as if nothing happens.
So let's see what will happen to this case I hope the authorities will pin him and put him behind bars for good and recover assets.
Given his profile the chances of completely going off grid are slim, plus innocent until proven guilty, with most rights still in place while the process is ongoing.
Not expecting him to pull an Ignatova here
I was pretty surprised that he was traveling around and appearing at conferences as if nothing happened. Rubbing shoulders with people he had stolen hundreds of thousands of dollars from. Even more surprising is that nobody tried to take his head off. I don’t think I would be able to show that restraint. I’m the end he is where he deserves to be for his fraud and theft.
He has a group of lawyers to back him up, he pleaded not guilty on all the charges so that means he is ready to face trial and defend himself and probably he'll go for a settlement, the guy is good at presenting himself that's what scammers are great of, they do scamming and still face you and smile at you as if nothing happens.
So let's see what will happen to this case I hope the authorities will pin him and put him behind bars for good and recover assets.
Who would've thought an unregulated lending platform, offering unrealistically high yields, trying to print it's own money, and was started by a pathological liar would turn out to be a scam? Celsius isn't all that different from other projects that began during the ICO boom. If the rules were applied fairly then many other ICO scammers deserve to be locked up alongside Mashinsky.
I don't know what the max sentences are for any of the allegations against him, but I saw in a Youtube video that he is facing over 100 years in prison. I think it was 115 years and even if they don't decide to fully exhaust the potential maximum penalty, it is quite likely that he could be dying in prison. There is also overwhelming evidence against him and he dug his hole even deeper making several transactions that to hide some of the funds. Looking at the whole case I doubt that he will get away with this. I am curious where they are going to draw the line between Mashinsky and SBF. Since Mashinsky ran a Ponzi scheme, I guess he is worse off than SBF who claims to be a good guy with good intentions nut bad organizational talent.
Sam might not go to prison, he might be freed and might only be given a slap on the wrist hehehe. He is Gensler's pet and he might now also be his informant.
On CZ and Binance. There should not be any personal feelings for or against him and the exchange. Everyone who has traded in Binance has agreed on their terms, you paid for the fees and they gave you their service. It is a business relationship. If they are rumored to bite the dust, you should leave the service.
I don't know what the max sentences are for any of the allegations against him, but I saw in a Youtube video that he is facing over 100 years in prison. I think it was 115 years and even if they don't decide to fully exhaust the potential maximum penalty, it is quite likely that he could be dying in prison. There is also overwhelming evidence against him and he dug his hole even deeper making several transactions that to hide some of the funds. Looking at the whole case I doubt that he will get away with this. I am curious where they are going to draw the line between Mashinsky and SBF. Since Mashinsky ran a Ponzi scheme, I guess he is worse off than SBF who claims to be a good guy with good intentions nut bad organizational talent.
Full doc here:
https://www.ftc.gov/system/files/ftc_gov/pdf/2223137celsiusnetworkorder.pdf
I assume this is in order to freeze any possible assets Celsius might have? Wild guess here!
A company like Celsius with multiple assets like mining, lending, network etc is vulnerable and difficult to control, I think that's one of the reasons they had to go bankrupt. How will they control all the assets mentioned on the doc, it's numerous, if they focused on two; lending and mining it could have been better and easier for them to withstand and trace any pipelined problem. Normally a business will grow, and sooner it'll begin to drop in value, that way Celsius would have been introducing other assets gradually other than managing all of them at a go. It's wild that, while cryptocurrency based businesses are getting penalized, the market keeps going, a sign that only a few of this businesses should be in existence. Because if SEC can't harm cryptocurrency they'll focus mainly on crypto based businesses.
Some good news regards this case, at least. Mashinsky was really confident he was clever than everyone else till the end, but has finally gone to the jail after wasting biggest portion of investors' funds on his shady schemes and with his lawyers. Now he may stay imprisoned for 2 decades, unless he pays a fine and enters an agreement with the justice system. Let's see the next chapters of this story that I fear to not be near to its end yet...
I was pretty surprised that he was traveling around and appearing at conferences as if nothing happened. Rubbing shoulders with people he had stolen hundreds of thousands of dollars from. Even more surprising is that nobody tried to take his head off. I don’t think I would be able to show that restraint. I’m the end he is where he deserves to be for his fraud and theft.
It's good when people who are reasonably suspected of wrongdoing regarding their customers are arrested. Cases of alleged bankruptcies should be investigated, and people who robbed others should be punished. That kind of accountability is positive to show that there's a difference between legitimate crypto businesses and crimes. But I don't think I want the CEO of Binance to be next because it's a serious exchange that tries to be fair to the customers and comply with regulations. If Binance falls, I think it will do more damage than good because if even this exchange is shady, a question arises whether crypto exchanges can be legit at all.
So what? Have you ever seen an ethical billionaire? Caring about other people's wealth? You seriously think they exist?
---
unless he takes your money and runs he is not a criminal.
So you agree that CZ doesn't care about BTC, or his customers, but only about how he can make money for himself, but here you are defending him with all you've got. It is obvious that cz is as shady as fuck, and is as guilty as those whose platforms have collapse because of misappropriation of customers' money. The message is this, Binance may not bite the dust now, but they are not too big to fail and it is possible that they will someday, so the people who believe so much in him to use his platform for storing their funds should be prepared.---
unless he takes your money and runs he is not a criminal.
Yes, I basically agree. But why should he? He's a billionaire, a whale, why would he care? All billionaires are douchebags to some extent. But at the same time, I have a lot of respect for him and we can't deny that:
- CZ and Binance were early, CZ saw the opportunity and believed in Bitcoin. He basically invested his own money and took the risk.
- they did and keep doing a great job of promoting Bitcoin and crypto, investing boatloads of money in marketing
- they launched the Binance card which helps people live off Bitcoin and spend their Bitcoin earnings
and I could go on and on and on...
So what? Have you ever seen an ethical billionaire? Caring about other people's wealth? You seriously think they exist?
---
unless he takes your money and runs he is not a criminal.
So you agree that CZ doesn't care about BTC, or his customers, but only about how he can make money for himself, but here you are defending him with all you've got. It is obvious that cz is as shady as fuck, and is as guilty as those whose platforms have collapse because of misappropriation of customers' money. The message is this, Binance may not bite the dust now, but they are not too big to fail and it is possible that they will someday, so the people who believe so much in him to use his platform for storing their funds should be prepared.---
unless he takes your money and runs he is not a criminal.
In this case it looks like everyone is corrupt when it comes to money, I don't expect anything from centralized exchanges than this though, but I will like to know why you said CZ is shady as fuck, if this is true do you have any prove you can show us? CZ was the one that let the cat out of the bag when FTX was doing lots of shit, CZ and FTX we're once close and when the secret got out he wanted to take over FTX to save the space but on preparing to sign the deal they noticed that the damage is beyond repair, I say I big thanks to him, though I am not keeping any money on the exchange.
Binance is not too big to fail, nothing is too big to fail in this world but I wouldn't dare wish for a company to fail because they might be shady or something, I would rather face my own journey and want the best for myself, I will never wish any one to go down unless I caught them in the act of doing illegal things or cheating the innocents to make money.
So what? Have you ever seen an ethical billionaire? Caring about other people's wealth? You seriously think they exist?
---
unless he takes your money and runs he is not a criminal.
So you agree that CZ doesn't care about BTC, or his customers, but only about how he can make money for himself, but here you are defending him with all you've got. It is obvious that cz is as shady as fuck, and is as guilty as those whose platforms have collapse because of misappropriation of customers' money. The message is this, Binance may not bite the dust now, but they are not too big to fail and it is possible that they will someday, so the people who believe so much in him to use his platform for storing their funds should be prepared. ---
unless he takes your money and runs he is not a criminal.
Because he's the most anti-bitcoin person with some kind of power in the Cryto universe.
Because he is lying continuously about his license, about his #safu fund, about everything he can, he will lie he is fleeing a country and threating journalists with lawsuits right on his plane.
Because he is doing everything he can to hurt Bitcoin, by asking for higher fees for segwit, for asking enormous fees for the real chain, for promoting his own tokenized version, for not thinking a second before doing anything to hurt it, like the bullshit about halting withdrawals during the last mempool clog, like saying they should rewrite the chain to get hi stolen funds back, everything!
Because he is lying continuously about his license, about his #safu fund, about everything he can, he will lie he is fleeing a country and threating journalists with lawsuits right on his plane.
Because he is doing everything he can to hurt Bitcoin, by asking for higher fees for segwit, for asking enormous fees for the real chain, for promoting his own tokenized version, for not thinking a second before doing anything to hurt it, like the bullshit about halting withdrawals during the last mempool clog, like saying they should rewrite the chain to get hi stolen funds back, everything!
Bullshit! Every government, every bank in the world is way more anti-bitcoin than CZ. They are the real opposition, real foes of Bitcoin. Governments, media, banks have been lying to you for years, decades, even centuries but CZ is to blame, right? In fact, they're trying to make you believe CZ is guilty in all the deadly sins to distract your attention from their own crimes.
To play devil's advocate, he said "with some power in crypto". CZ is a shitcoin pumper, running a crypto casino, where you can pay him to list (pump) your coin and give you an opportunity to sell everything to new "investors" (simpletons) who think that if a coin is listed it means it's legit. I don't believe in his safu fund and I don't like how he pushes shitcoins to people who are new to crypto. A lot of the coins that were once listed by CZ are now gone.
So what? Have you ever seen an ethical billionaire? Caring about other people's wealth? You seriously think they exist? Like Elon Musk gives a damn about Tesla stockholders and owners? So, he can pump shitcoins (although he's not doing it directly just listing them on his exchange) or do whatever else he wants - unless he takes your money and runs he is not a criminal. Frankly, shitcoin investors deserve to be scammed. If you believe anything listed on Binance is legit you also believe Nigerian princes, dying billionaires etc etc etc
I don't know why people are so emotionally attached to some "important" people from the crypto world as if it depends on them whether there will be Bitcoin tomorrow or not (and that's all that matters)? I honestly don't care if CZ and his company last another hundred years or if they will fail tomorrow, but I am aware that many see in him some kind of crypto messiah who is struggling with the system and enabling anyone who wants to free themselves from the shackles of financial slavery.
I and some others like OP do not see it that way and we have the full right to express our opinion, and the forum exists to discuss and exchange opinions. All those CEOs who have messed up badly in recent years have never cared about you, me or anyone other than themselves and a narrow circle of people around them - don't think that those who are not yet behind bars have different intentions.
I and some others like OP do not see it that way and we have the full right to express our opinion, and the forum exists to discuss and exchange opinions. All those CEOs who have messed up badly in recent years have never cared about you, me or anyone other than themselves and a narrow circle of people around them - don't think that those who are not yet behind bars have different intentions.
Do you really want CZ to get arrested? For what??
Now sure why you want CZ to get arrested!
Now sure why you want CZ to get arrested!
Because he's the most anti-bitcoin person with some kind of power in the Cryto universe.
Because he is lying continuously about his license, about his #safu fund, about everything he can, he will lie he is fleeing a country and threating journalists with lawsuits right on his plane.
Because he is doing everything he can to hurt Bitcoin, by asking for higher fees for segwit, for asking enormous fees for the real chain, for promoting his own tokenized version, for not thinking a second before doing anything to hurt it, like the bullshit about halting withdrawals during the last mempool clog, like saying they should rewrite the chain to get hi stolen funds back, everything!
If the cryptocurrency is easily accessible in many parts of the world, is because of Binance.
BS!. Everywhere you go there is an alternative to Binance, Bitcoin did great even in 2017 when Binance was just launched so let's stop praising this pos!
I believe that was partly a joke
No, it was not!
Woah there. So you're just going to let Su Zhu and Kyle Davies walk away? 
They ignored subpoenas in the bankrupcies case, now it's up to an investigation into that, they think that outside US jurisdiction and US extradition treaty, there is a safe haven, and they are far more likely to end up in prison when the wheels start moving than even SBF.
I'm a little concerned about them because unlike the others they are not only scammers but also stupid ones!
I wonder why the OP wants CZ arrested. What offense has he committed?
As for the arrest of the former Celsius CEO, Alex Mashinky, I am sure that's a very exciting news. I really wish victim can recover at least get some percentage of their lost funds.
As for the arrest of the former Celsius CEO, Alex Mashinky, I am sure that's a very exciting news. I really wish victim can recover at least get some percentage of their lost funds.
In the last mempool clog, Binance wasn't the only exchange that halted bitcoin withdrawal on the main chain, several hundred of exchanges also did same
Old story but still has value because exchanges, including Binance have yet changed their apporaches.
They 'stole' bitcoin from users months and years and make their steal legit but then if things are worse with network and mempools, they don't support users but halt withdrawals or charge their users more.
Exchanges get profit from users' withdrawal fees.
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