1 year ago
Crypto scam detective Coffeezilla has called retired Celsius laminitis Alex Mashinsky for allegedly dumping implicit 10,000 CEL tokens, successful the aboriginal hours of Oct. 11.
Alex Mashinsky has been astatine the receiving extremity of accusations that his mediocre enactment and mismanagement contributed to pushing Celsius into bankruptcy.
Coffeezilla shared a tweet alleging that Alex Mashinsky was dumping thousands of CEL tokens crossed aggregate wallets.
Alex Mashinsky is specified a cartoonish villain. After getting called retired for stealing wealth from his institution connected the brink of bankruptcy, helium starts dumping hundreds of thousands of dollars of $CEL tokens crossed aggregate wallets.
He’s dumping I constitute this, past commercialized 3 min ago) pic.twitter.com/Ugg9Q7yDTZ
— Coffeezilla (@coffeebreak_YT) October 11, 2022
The code labeled Mashinsky Cashout Wallet which Coffeezilla claimed to beryllium to the Celsius laminitis moved astir 10,000 CEL tokens connected Oct. 11.
Mashinsky’s wallet identified by starring information analytics level Nansen shows that connected Oct. 11, astir 10,000 CEL tokens were swapped for astir $9300 USDC. The wallet presently holds 170,000 CEL and astir $23.863, adding up to $186,578.
Cashout by Celsius executives
Despite freezing withdrawals for Celsius customers since June, apical executives of the bankrupt crypto lender person reportedly been cashing retired astatine the disbursal of customers’ funds.
Shortly earlier Celsius filed for bankruptcy, Alex Mashinsky withdrew astir $10 million. Mashinsky nevertheless claimed helium made the withdrawals to instrumentality attraction of taxation expenses. On Aug. 8, Mashinsky’s wallet connected Nansen showed helium withdrew an further $28,242.
Reports besides emerged that erstwhile Celsius CSO Daniel Leon withdrew astir $7 cardinal and an further $4 cardinal (in CEL tokens) backmost successful May.
Celsius creditors and KYC risk
Most of the questionable withdrawals by Celsius executives were revealed successful a 14,000-page papers filed by Celsius arsenic portion of the bankruptcy process.
While the papers has helped unmask atrocious actors similar Alex Mashinsky, the crypto assemblage has blasted the squad for exposing Creditor’s KYC details.
Many Celsius creditors person expressed fearfulness astir their information arsenic the papers details their idiosyncratic information which could beryllium hijacked by atrocious actors.
The station Coffeezilla calls retired Celsius laminitis Alex Mashinsky for dumping CEL tokens appeared archetypal connected CryptoSlate.
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