Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Celsius reportedly used investor money to prop up its token price.
Founders Alex Mashinsky and Daniel Leon also sold the token while this all was going on, according to a court-ordered report on Celsius. If you don’t have time for the full filing, Reuters summarizes its results.
“When you look at what the banks pay, you say to yourself, ‘Somebody is lying. Either the bank is lying or Celsius is lying,’” Mashinsky said in 2021. Guess we know who it was now!
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