/biz/ - Business & Finance

but users gave up legal rights to their BTC by using the platform.

>>50454571
how would that hold up in contract law? I think people have bought too much into the "crypto is unregulated" meme and forgotten that laws exist and digital assets are property

>>50454828
you cant own property man

>>50454828
The whole selling point of the platform was that they were not a bank.

>>50454392
>physiognomy isn't real guys
>looks like a literal jewish rat goblin

>>50454392
> Is in crypto
> Cries because centralized brokers fail
Pick one, every single person into Celsius, Voyager, and bancor deserved it

“Caught” lol. At worst maybe he pays a few fines which will be a drop in the bucket. Hell his good buddy Sergey will prob cover all the attorney fees (via his customary token dump on retail)

>>50454392
>Banks are not your friends

Neither are modern day, CENTRALIZED crypto companies with their cult leaders.

What started out as a pure thing (digital cash) turned out to be a disgrace. I hate it, I hate it.

I actually used to be very into cryptography before it was even trendy. I had Applied Crypto book on my desk, and my roommates thought I was paranoid and wondered why I'd even bother. But now that swindles are involved, the Jews and goy are all over it. I hate human nature so much it is unreal.

Let's look at the shareholders:

>Mr Alexander Mashinsky
>Ownership Of Shares 75 To 100 Percent
>Nationality: 'American' (Jewish parents, spent time in Israel and is proud to call himself 'Israeli American')

>Mr Shlomi Daniel Leon
>Nationality: Israeli

>MF PARTNERS LIMITED
>investment partner (director Patrick Martin has also put money into other shitcoins like 1inch).
>this director also is a director of a company based in Bermuda

Why Bermuda?

>3.1 Restrictions on Foreign Lenders Granting Loans
>There are no restrictions on foreign lenders granting loans from outside of Bermuda to Bermuda entities

So there you have it. Two kike directors and a VC that puts money into shitcoins and uses Bermuda's lax lending laws. It was destined to fail from the start.

The only thing was that normie greed overpowers any desire to even do the basic 5 minutes of Googling I just did. We don't even have to go into the physiognomy or shady stuff from in their earlier life. I just looked up the directors on Companies House and googled them.

>>50454945
you are to intelligent, suggest some books if you want, crypto or finance related.

>>50454392
I agree wholeheartedly and think this guy is a total piece of shit. He's a complete charlatan and likely acted with criminal negligence. Probably deserves to be slapped with an open hand across the face in an entirely non lethal manner that would not result in any serious physical injury in Minecraft. All that being said your pic related inspired me to order that very T shirt. Pretty much encapsulates the peak level of hypocrisy demonstrated by this motherfucker, while reminding me how lucky I was not to move a single dime onto his honeypot. The only reason I didn't was because I thought 7% APY was insultingly low of a trade off to have my funds in a "safe" crypto investment

>>50456759
inb4 some normie beats you up for making fun of him losing his life savings

>>50454392
>How have the authorities not caught this nigger and put him in jail?
because the US govt is equivalent to an organized crime syndicate and is in on the grift

>>50454392
He only fleeced goys

>>50456878
Celsius was always primarily a beta male investment approach. I am not concerned. Now that face diapers have run their course, this shirt will give me the opportunity to watch NPCs silently seethe with rage they lack the balls to act on.

If people are that fuckin retarded to put money with kikes instead of writing down a private key I don’t feel bad they got the shaft

If you're going to have your life savings somewhere, don't have it be a fucking start up

I remeber ppl used to shill there celsius links when i was asking about staking Matic back in 2021 early and it was so cringe, not mention its centralized asf and biz shilled the pornstar that worked there lol, no way id put my shit there even defi is safer then that at least theres defi insurance

>>50454392
PETER SCHIFF WAS RIGHT

https://www.youtube.com/watch?v=A-Wa_TrfW68

>>50458538
schiff is insolvent too lol

>>50454916
This. OP is a colossal faggot and should kys.
SAGE

>>50454392
>the SEC is corrupt!?
More news at 11

>>50454392
The part where he enriched himself through Celsius token cracks me up.

On a very small scale, he got to experience what it was like to have control of the money supply.

This should recorded in textbooks as to why people like him should never have that kind of power. The best part is, his wallets tie back to him

>>50454392
He did nothing illegal. Ran a company, paid himself a salary on which he paid taxes. Now the company has declared bankruptcy.

>>50454392
rich people get total immunity from all laws, have you seen the atrocities that Bezos or Musk do? he could even adopt children to play things like ultimate champ and people would see him as a hero teaching their children the way of business

>>50454392
Retards will tell you because he is jewish, but the reality is that his "customers" are the most retarded cattle and they basically waived away their rights to their shitcoins and Bitcoin. If you hired me to take your money and maybe pay you back later on, of course I would take your money and not pay you a single dime.

Anyone that gives a scam artist money deserves it.

>>50454392
>stole millions and laundered shit out of
no anon i think he was legit retarded. they gave the private keys containing 120,000 BITCOINS worth of funds to some random noname company. they were lucky they got it back even if it was with a loss. but very clearly no laundering there. then yeah firebox 'lost' keys to their funds, but that could literally be 1 employee who will now disappear and move it all to tornadocash after some years. makes 0 sense for the leadsership to be in on it, also makes no sense to give his face to all this and put his wife and family through the shit they're getting. this was just a person FAR below the competence and capabilities he himself thought he had.

REEEEEEE SAGE SAGE SAGE OP FAGGOT SAGEEE

>>50455629
Hindsight is 20/20. If you're so switched on why didn't you make this post before they went tits up?

>>50455629
Also, where are you getting this info on Mashinsky owning 70+% of shares?

According to the terms and conditions you donated your coins to him.

>>50460630
To his credit, many anons did call them a scam
They just got berated by either the likes of (you) or astroturfing shills

>>50460732
>berated by me
I never put anything into defi and still have my Link stack intact. I did read the threads a lot, and followed what was happening. I don't recall reading that Mashinsky owned 75% of the shares in Celsius. Also, if every project that got called a scam was discarded, there would never be any projects.

>>50455629
>>50460630
Hindsight heh. We confronted this rat in the last smartcon live chat and had multiple threads about the pornstar handling treasury. I have to admit I wouldn't have guessed they would actually go down with a bang like this, but chasing yield or staking rewards in crypto is mostly fucking retarded.

>>50460732
Also, the basic 5 minutes of Googling which >>50455629 asserts reveals all the data he posted still has not revealed Mashinsky's % holdings in the company, or even anything about him owning shares, though I'm sure there is probably something somewhere.

>>50460795
Yes, the pornstar thing was very raised eyebrows, and I expect Chainlink are a bit embarrassed about having him on last year. Still, I don't blame them for his doings.

>>50454392
that's a jew and they're immune to financial crime. and that's a fact

>>50458538
>le broken clock blabla
And the broken clock is a good analogy for this retard as he won't change his fucking tune after over a century of data showing Gold has been underperforming everything. And especially during times of recession because idiots think it's a hedge and get double rekt.
Fucking dunce.
I'm so tired of these idiots taking so much space.

>>50454896
I don't know how people can dismiss what's right in front of their eyes.

refute this

>>50460819
I don't blame them either like some anons do. I hope they learned valuable lesson here. It must be tiring for Sergey to have so many projects enthusiastically telling him how they are going to use his tech, and later turns out how it was just a scam and they used chainlink as a way to raise their profile.

Some redditors are saying they'll be able to claw back your shit if you got out 90 days before withdrawal lock or sooner.

Come and get it niggers.

>>50454392
Internet coins are not real money. Please get a job.

>>50461547
Thats not what happenned though. Its insane how you guys let Sergey off the hook. This wasnt just a one time twitter partnership thing and it wasnt one sided as in just Celsius latching onto Chainlink.

A) sergey mentioned celsius in numerous presentations as an example of great things going on in the defi space and B) Hired Celsius to manage Link’s treasury.

All of this can be verified in ten minutes of googling but yeah keep burying your heads in the sand.

>>50461286
buttcoiners couldn't be bothered to read what they are on about before going on about it.
result is confused guy saying, uh I thought these were good but reasonable returns???
e.g. not obvious scam like 20% or modern ponzi of 12% but a ponzi at 6% lmao

>>50463723
Yep, same with Bancor. They even partnered with NEXO

>>50463723
kek read the whitepaper. This FUD is soooooo lame (and bullish). Didnt read, never selling.

>>50463723
The Celsius debacle might get Sergey ousted from the management team. He has already stepped down as CEO so maybe it has already happened.

>>50454392
Why hasn't one of the thousands of people who he fucked over decided to put a bullet in his head?

>>50455629
>>Nationality: 'American' (Jewish parents, spent time in Israel and is proud to call himself 'Israeli American')
Funny that we're not allowed to FOIA which of our leaders are dual citizens

>>50464072
Hes literally being protected by the fbi.

>>50460630
many anons warned about the dangers inherent to cefi
only this happened before the normiepocalypse overran this board
i specifically remember a very based anon stating in summer of 2020 that if yields were to spike upwards in a bear market then that is the signal they are insolvent and run on pure ponzinomics luring in new money to payout existing clients

and you know beside the 5 gorillion times someone said since the start of crypto not your keys not your coins

>>50460630
>Hindsight is 20/20.
fu, retard. bitcoiners called the scam years ago.
https://twitter.com/DWhitmanBTC/status/1546190649141116928

peter schiff called it 8 months before:
https://www.youtube.com/watch?v=A-Wa_TrfW68

that's for the mainstream guys. "not your keys, not your coins" has been a mantra since the beginning.

>>50461178
only a few of us are sentient. even on 4chan, you see anons meme "nigger" and shit but then they line up to buy the next jewish scam, and act surprised when the chips fall
it's pretty telling you got no (You) while tons of inane posts have replies itt
the reality is at some level, normalfags ENJOY being fleeced. they yearn to be sheep, to be controlled
obviously they'd rather not lose money to a scammer. but given a choice between taking responsibility and losing his money, the average man will always pick losing his money

>>50461286
>he thinks the risks are related to %
redditor and his money are soon parted

>>50461547
Others don't. Guys like this >>50463723 are fudding and will seize hold of anything to try to paint the team in a bad light. As you say, it's not up to Chainlink to vet these projects. Due diligence I'm quite certain was done, but Celsius' wrongdoings were beyond the scope of due diligence.

>>50465489
I'm quite certain that everyone who put their money into Celsius was aware of the truth of 'not your keys, not your coins' but decided to proceed anyway. At some point, if we expect a return on our tokens, we HAVE to lose control of the tokens. Are you intending never to stake? If you do you will lose control of your Link tokens.
Also, where's the link to Mashinsky owning 75+% of the Celsius shares? Seems to me this is BS.

>>50465725
>At some point, if we expect a return on our tokens, we HAVE to lose control of the tokens
you're a retard, simple as. you can stake without losing the control of your private keys

>>50463778
>buttcoiners
where do you think you are?

>>50465607
Unfortunately, it is so. There is no illusion so permanent as that which enables us to look backward with complacency; there is no mental process so deceptive as the comparing of recollections with realities.
Gone astray like lost sheep, they are misguided by the wolves clothed as their own, while destroying themselves in the process. Living comforting lies, choosing to dismiss the truth because their worldview would fall apart. There's often too much skin in the game to make such rearrangement. A leap of faith there is almost considered as an impossible feat.
Fools despise wisdom and instruction. Alas, ignorance truly is bliss.

>>50454392
>>50456759
Daily reminder that i bonds issued by the feds has 9.6 percent apy and crypto bros rather give their money to a jew

>>50460630
>hindsight!
People did zero research before handing over significant amounts of money. They were either unable or unwilling (due to greed) to recognise the CEO was shady. Such people are destined to lose money. It has nothing to do with hindsight.

So many people have said: just buy and hold. You've probably heard that, too many times, right? You can just buy BTC, send it to a wallet you control and just forget about it while it averages several hundred percent gains per year. Only a retard that has succumbed to greed would throw away control of their coins, take on tremendous risk for single digit gains on top. Like if 200% a year average return for sitting on your ass isn't good enough for you to make it, you were NEVER going to make it.

>>50460802
I clearly wrote that I googled directors and Companies House to get the info. It's not my fault you can't do something as basic as that. Here's proof before you full shizo:
https://find-and-update.company-information.service.gov.uk/company/11198050/persons-with-significant-control

It doesn't give you the exact percentage, only a range, but that's enough to know he's basically got control of the company.

>>50464127
Actually Wikipedia has him as a dual citizen (American and Israeli).

>>50465725
>At some point, if we expect a return on our tokens, we HAVE to lose control of the tokens.
You've just confirmed yourself as a retard that doesn't understand the fundamentals of how crypto works. No wonder you lost money. Please, never invest in anything again by yourself. Get one of those 'financial planners' that'll tell you to get into boomer stocks and Roth IRAs with your paycheck. These things were invented with people like you in mind.

Hepcats, can you believe some Cats out there loaned all their entire life savings of Crypto unsecured with no collateral to Celsisus, which is headquartered in Fucking Hoboken!? Like no Cats I know would ever willingly live or work there!

For those of you that don't know, Hoboken is an absolute Shithole where a lot of Bridge and Tunnel reside because they ain't got the Qualications to be in the City! Like their claim to fame and the greatest thing that ever happened to them is the shop from Fucking Cake Boss is there.