Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection. Does this mean that Alex Mashinsky’s book on his method for achieving financial freedom through the power of decentralization will not be published after all?

This Bear Market does not leave room for those who saw themselves too well during the previous Bull Market.

In this respect, it is quite incredible to notice that all those who were boasting in the media are paying a high price today. I am thinking here of Do Kwon who was amused to see competitors going bankrupt. He paid a high price for his lack of humility. Well, unfortunately not!

Because it is always the customers who pay the highest price for the bad actions of these scammers. In the end, they are nothing more than large-scale scammers who want to give themselves certain respectability, but they are not much better than those who scam users more discreetly.

Alex Mashinsky boasted with Celsius Network that he was a great advocate of decentralization. He was even going to publish a book in November 2022 about his famous method: The Mashinsky Method.

The title of his book sounds like an ultimate provocation when we see the current situation. Judge for yourself: “The Mashinsky Method: The Decentralized Path to Financial Freedom“.

How can you advocate decentralization and freeze your clients' assets because of extreme market conditions as was done in June 2022? This is a real shame, and again, it is the clients who will have to pay the highest price for this shameful action.

The two main lessons that need to be learned are always the same, but we must repeat them again and again:

  1. Not your Keys, Not your Coins. Don't let people like Alex Mashinsky have the private keys to your corners. It will save you a lot of disappointment later.
  2. Anything too good to be true is a scam. Celsius Network fits perfectly into this framework, as does Do Kwon's Terra ecosystem.

Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection. Does this mean that Alex Mashinsky's book on his method for achieving financial freedom through the power of decentralization will not be published after all?

6 thoughts on “Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection. Does this mean that Alex Mashinsky’s book on his method for achieving financial freedom through the power of decentralization will not be published after all?”

  1. It’s actually an alternative method to financial freedom, we all now have no money so are free from finances.

  2. Summary of book: Create Celcius. Scam investors. Bail with chapter 11. Financial freedom.

  3. Good lesson learned in a very traumatic way.

    To all who aren’t able to access funds @Celsius or similar. Please don’t blame ecosystem.

    Ecosystem was never intended centralised manner. Most of us were greedy to such yields and gave hard earned money to centralised system.

    Let’s take this opportunity to learn and teach your surroundings.

    Not your keys. Not your Crypto.

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