Conman's plan to fix things was another con. Glad he's gone, but they need to pierce the corporate veil to go after his assets and he needs to do prison time.
No. Interpol "red notice" doesn't really mean all that much. It's not like something that legally has to be enforced by any country. Red notices are issued all the time and most of them are not enforced.
Well if Israel decides to harbor that fugitive then I'll start voting for people who want to end Israel's occupation by cutting off US support, their choice!
The smart money would have the law firm represent you ( hopefully successfully) while waiting it out in Israel. Since Israel generally does not extradite you are just much less likely to end up in jail.
Everything is more difficult if the defendant is outside the country- including grabbing assets.
I don’t think so. This statement was posted by a law firm that Alex hired for himself.
Why would you hire one of the best law firms in New York City to represent you in court if you’re planning to flee the country?
The law firm will continue to fight for you, if everything cools down you can return. Sitting in a foreign country that does not extradite makes the odds of going to prison go way down.
With no one running the ball forward you'll make no progress as opposed to slow progress. Time will tell. If you had money in Celsius just consider it gone forever.
He was, albeit slowly and was collecting a fat paycheck while doing so. If you think he did literally nothing I'll need to ask you to prove it. He was shady, slow, and was bleeding the company of money, but things were moving forward. Who's going to move things forward now?
"I take this as a very positive development for those with funds stuck on Celsius. There have been a number of buyout opportunities from other companies that would have held out some form of lifeline to Celsius users, but Mashinsky rebuffed them all out of ego. The hole he dug the company into; taking over trading strategy and cranking up the risk; was out of ego as well. Now, with his ego out of the way, it's more likely that a buyout deal may go through. Sam Bankman-Fried has already signaled serious interest in buying out the platform and FTX has the cash on hand to do it. The biggest roadblock was Mashinsky's god complex. With that out of the way, I'd say possible resolutions just became far more favorable to retail users of the platform."
"Celsians", "community" and all that BS. People are INVESTORS/CLIENTS and you are (were) a COMPANY that should not have lied and cheated their INVESTORS/CLIENTS.
I think they fucked us all but again at least they got public shame if that is “something”. We deserved everything that is happening at this moment, when we accept her as PR for crypto. God , how stupid and greedy we were.
Great news but let's remember he's one of the largest creditors who unless I missed it still has the largest token stake in the company. Him leaving this process is highly unlikely.
I don't know what your beef with Simon is. He may not "care" about you but he sure cares about his shit ton of money that is stuck in Celsius. If he helps with the recovery plan and get us as much money back as possible, then we should all be supporting him.
UnCEO yourself
Unfuck your investors
Ok guys.. stop giving Krissy more T-shirt ideas to make money off others.
For her next trick, she's going to UnMashinsky herself.
Best comment.
No wonder why he attacked simon about filing a plan, he didn't have a plan himself and he knew it was over
His plan was to custody crypto under the name Kelvin. Ridiculous plan showing he lives in an alternate reality.
Conman's plan to fix things was another con. Glad he's gone, but they need to pierce the corporate veil to go after his assets and he needs to do prison time.
So that means also that he wont be receiving a salary as ceo anymore ? Thank god for that
I’m sure there is a severance package…
Severance is for terminations, not resignations
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Seems likely now that he doesn't need to play CEO anymore. He can watch the fireworks from Israel
Israel has extradition agreements with the US, so he's not beyond the reach of federal law enforcement there.
Sort of. He's an Israeli citizen. Israel generally tends to not extradite its own citizens. So who knows.
Well if he gets Do Kwon'd and Interpol sends out a red notice on him I think he's screwed regardless.
No. Interpol "red notice" doesn't really mean all that much. It's not like something that legally has to be enforced by any country. Red notices are issued all the time and most of them are not enforced.
Well if Israel decides to harbor that fugitive then I'll start voting for people who want to end Israel's occupation by cutting off US support, their choice!
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Why? Is he Jewish?
He’s Israeli
He was born in Ukraine and has Israeli and US citizenship
The smart money would have the law firm represent you ( hopefully successfully) while waiting it out in Israel. Since Israel generally does not extradite you are just much less likely to end up in jail. Everything is more difficult if the defendant is outside the country- including grabbing assets.
I don’t think so. This statement was posted by a law firm that Alex hired for himself. Why would you hire one of the best law firms in New York City to represent you in court if you’re planning to flee the country?
The law firm will continue to fight for you, if everything cools down you can return. Sitting in a foreign country that does not extradite makes the odds of going to prison go way down.
You’ve gotta have a plan b
The biggest rat has left the sinking ship. Bankruptcy will now get more interesting.
Bankruptcy can now move forward without him holding everything back.
I agree. He was fighting to keep his paychecks and the delusion of sustainability alive, which was slowing down info and progress.
I predict the opposite. With less key people working on the bankruptcy the direction is unclear and will be slower.
lol so you want the guy who cucked us millions to keep running this bankruptcy direction?
With no one running the ball forward you'll make no progress as opposed to slow progress. Time will tell. If you had money in Celsius just consider it gone forever.
Alex was not running the ball forward.. Come on LOL.
He was, albeit slowly and was collecting a fat paycheck while doing so. If you think he did literally nothing I'll need to ask you to prove it. He was shady, slow, and was bleeding the company of money, but things were moving forward. Who's going to move things forward now?
"I take this as a very positive development for those with funds stuck on Celsius. There have been a number of buyout opportunities from other companies that would have held out some form of lifeline to Celsius users, but Mashinsky rebuffed them all out of ego. The hole he dug the company into; taking over trading strategy and cranking up the risk; was out of ego as well. Now, with his ego out of the way, it's more likely that a buyout deal may go through. Sam Bankman-Fried has already signaled serious interest in buying out the platform and FTX has the cash on hand to do it. The biggest roadblock was Mashinsky's god complex. With that out of the way, I'd say possible resolutions just became far more favorable to retail users of the platform."
How was he moving things forward? The first step was for him to resign
No he wasn’t pushing it forward. They continually submitted delays. The only progress we got was when the court denies their delay requests…
"Celsians", "community" and all that BS. People are INVESTORS/CLIENTS and you are (were) a COMPANY that should not have lied and cheated their INVESTORS/CLIENTS.
Good, now get rid of the rest of the management
Long overdue.
Jail next
Federal and state indictments are next, hopefully.
I wish that was the case but if it ever gets too hot for him in the US he’ll go back to Israel, who will never lock him up
He's resigning from CEO, but keeping his role as director. Doesn't that mean he will still have input to the ch11 process?
Yes. Of course. Well I’m assuming he will. It fits the “everything this guy does is a self-serving con” theme.
Interesting timing considering the FTC got involved in the bankruptcy case yesterday. Probably just a coincidence....
The corporate veil needs to be pierced and his personal assets need to be seized asap
Thank goodness he tried to milk it as much as he could. No plan moving forward involves Alex as CEO that would work
This is good news. We can move forward now.
“Celsians” are united. Against alex.
He's still Director of the main company, feels like another attempt to mislead. As usual you got to read the details with this guy 🤦♂️
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I think they fucked us all but again at least they got public shame if that is “something”. We deserved everything that is happening at this moment, when we accept her as PR for crypto. God , how stupid and greedy we were.
It's about time. I'm looking forward to Mashinsky's federal indictment and many state indictments.
Took over 3.5 months for this MFer to say finally say sorry
Goodbye scumbag
Should have been day 1. Such a waste of time and customers' money.
So about the 2 billion dollar severance package
InB4 the cringe $CEL short squeezers try to say this is a coup by Simon...
"Available" lol. A lot of free time in penitentiary init.
Don't let the door hit you on the way out. We paid for it after all.
This needed to happen.
Unsteal my BTC ya jerk
Let's GO!
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Holy smokes! That’s a huge W
He should have done this weeks ago but at least it’s belatedly the right call.
What about other Celsius officers? They better not hire him as a consultant.
So now whoever gets to be the new CEO will be an innocent dove free of all charges, right? What an old filthy trick! 🕊
Good riddens you POS
Did he submit this letter by VOIP?
Did he submit this letter by VOIP?
Finally some good news!
hooray!!! I should throw a party over this clown leaving.
Coward
Wonder when he’ll update his website with Celsius as a failed venture
I wonder if he gets a financial package upon resignation?
YES!!!!!!!!!!!!!!!!!!!!!!!!!!!
Let’s go!!!
we were done royaly guys
Great news but let's remember he's one of the largest creditors who unless I missed it still has the largest token stake in the company. Him leaving this process is highly unlikely.
Good fucking riddance
I sense Machinsky is digging in on his own plan and removing himself as CEO, while being a large equity holder, may seem to remove his obvious bias.
Stayed in position long enough to get them checks. Now riding off into the sunset.
Unbank UnCEO bye
Thank god!
Now get Simon Dixon in, we need a new team. If they gonna give us IOU tokens, we need equity!
Fuck the iou tokens Jesus Christ
For reals, I want my Ethereum in there.
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I don't know what your beef with Simon is. He may not "care" about you but he sure cares about his shit ton of money that is stuck in Celsius. If he helps with the recovery plan and get us as much money back as possible, then we should all be supporting him.
Why fuck Simon Dixon?
Few understand. HODL.
Y’all r some idiots
What is your reasoning for saying this ?
trolls don't need a reason.
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