Publisher says it's trying to scrub all traces of 'Mashinsky Method' book

A publication erstwhile slated to beryllium released by Alex Mashinsky, the erstwhile CEO and laminitis of the bankrupt cryptocurrency lender Celsius, has been pulled earlier it could ever deed the shelves and the steadfast of the rubric is trying to "remove each hint of it online."

The Mashinsky Method: The Decentralized Path to Financial Freedom was the sanction of an upcoming fiscal literacy publication by Alex Mashinsky with a tentative merchandise day acceptable for sometime successful June.

It promised to thatch his "7-step method" connected "how to support your assets and however to make compounding output [...] Using stablecoins and different crypto specified arsenic Bitcoin" according to a description connected Amazon.

One Australian publication retailer had the terms of the rubric set to astir $32 ($46.25 Australian dollars).

The book's publisher, Wiley, reconfirmed successful a Feb. 6 tweet that the publication "has been canceled" aft a Twitter idiosyncratic came crossed a listing of the purportedly upcoming book. 

This publication has been cancelled. Please beryllium alert that erstwhile a publication is cancelled, removing each hint of it online tin beryllium a analyzable process. We’re continuing to enactment with retailers and different partners to update their information with close information.

"Once a publication is canceled, removing each hint of it online tin beryllium a analyzable process," Wiley added. It said it was moving with retailers to update their information to amusement the publication would nary longer beryllium released.

Wiley archetypal confirmed the publication wouldn't beryllium published successful a November 2022 tweet. At the time, it said it was moving with retailers to update the data. 

Cointelegraph has reached retired to Wiley astir the cancellation but did not person an contiguous response.

The crypto assemblage already harbored skepticism regarding the merchandise of the publication ever since the Celsius debacle. The tweet from Wiley has seemingly closed the publication connected specified speculation.

Mashinsky is currently being sued by the New York Attorney General’s office, which announced a suit connected Jan. 5 alleging the ex-CEO defrauded investors retired of billions worthy of crypto.

It said his actions anterior to Celsius declaring bankruptcy contributed to capitalist losses arsenic helium misrepresented Celsius' fiscal information and failed to travel regulatory requirements.

Related: Celsius‘ question to widen timeline for restructuring program faces objection from creditors

The crypto lender filed for Chapter 11 bankruptcy successful July 2022 and has astir 600,000 users with crypto frozen successful Celsius accounts.

Just weeks earlier the institution froze lawsuit funds and declared bankruptcy, Mashinsky allegedly withdrew $10 million from the level raising questions connected whether Mashinsky knew the institution would beryllium freezing funds and filing for bankruptcy.

In a 470-page report, a bankruptcy court-appointed examiner recovered connected Jan. 31 the level used lawsuit funds successful a “very Ponzi-like” manner.

The examiner besides documented however Mashinsky tried to personally exert power implicit the terms of the platform's autochthonal CEL token, an unsuccessful effort that led Celsius to usage lawsuit cryptocurrencies to money its CEL buybacks arsenic it wasn't earning capable yield.