The founder of Celsius, Alex Mashinsky, sentenced to 12 years for the “Unbank Yourself” scam

While the case was dragging, Mashinsky and his family appeared without dismissal, the victims said, even by facing threats of violence and an important public shame. Some victims accused Mashinsky of lying on their faces and pushing them to continue to deposit funds even when the end was near and he knew that the money would be lost.

In the statements of the victims sent to the American district judge John Koeltl, customers accused Mashinsky of his family brand’s armament to scam many naive investors of their economies. Some suicides have been reported, the victims said, and the elderly victims were among the most vulnerable, many becoming homeless after the drained in pension funds. Among the victims were nothing vanmarcke, who admitted to feeling haunted by guilt after convincing his aging mother to invest in Celsius and lose the majority of their economies.

And “the cruelty of Mashinsky did not end with collapse,” wrote Vanmarcke. “His family made fun of the victims of goods” Unle Unbarrep Yourself “funded by stolen savings, while posting luxury lifestyles online.”

Other victims also described feeling a shame palpable, even if they felt that their path to recovery was not as bad as the others. A victim, Daniel Frishberg, was still in high school when he lost 70% of his crypto against the false promises of Mashinsky.

“I’m lucky to be young and have a lot of time to save the money I lost because of naively trusting Mr. Mashinsky – many are not lucky,” wrote Frishberg.