WIRED - Former Celsius CEO Alex Mashinsky's arrest on seven counts of fraud underscores the dangers of unchecked trust in cryptocurrency figures and the need for investor vigilance

in blockchain •  17 days ago 

https://www.wired.com/story/celsius-founder-alex-mashinsky-pleads-guilty-to-fraud-crypto-celsius/
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Former Celsius CEO Alex Mashinsky was arrested and charged with seven counts of fraud, potentially facing 115 years in prison if convicted.

This arrest, while offering some solace to defrauded investors, highlights the ongoing risk of hero worship within the cryptocurrency industry.

Users must remain vigilant and critically assess any investment opportunity, especially those promoted by charismatic figures, to avoid similar devastating losses.

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blockchain horror celsius ceo mashinsky arrest fraud cryptocurrency
17 days ago by

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      ·  17 days ago 

    Upvoted! Thank you for supporting witness @jswit.

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