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Fraud_alert

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Tawani3
--
this to chart the one is #BTCUSDT second is #OMUSDT omu following the btc charta it is FRAUD it's #Fraud_alert not the trading rule whye follow these are tow different coins
this to chart the one is #BTCUSDT second is #OMUSDT omu following the btc charta it is FRAUD it's #Fraud_alert not the trading rule whye follow these are tow different coins
Crypto Community Alert ⚠️ Lately, some so-called influencers have started giving fake Binance signals just to gain followers. They post fake success stories, but in reality, their followers end up with massive losses 🚫📉 Just yesterday, one such girl shared a “signal” and people who trusted it faced a 90% LOSS! 😡 🚨 Important Reminder: • Crypto trading is NOT a guessing game. • Signals from unverified influencers are dangerous. • Your hard-earned money should not be their experiment. 👉 Do Your Own Research (DYOR) 👉 Follow only authentic & verified sources 👉 Don’t fall for FOMO or fake promises The crypto market is already risky don’t make it worse by trusting these fake “signal providers.” Protect your money. Protect your future. ❌ @Binance_Customer_Support @Binance_Announcement @Binance_Risk_Announcement #Fraud_alert #scamriskwarning
Crypto Community Alert ⚠️

Lately, some so-called influencers have started giving fake Binance signals just to gain followers.

They post fake success stories, but in reality, their followers end up with massive losses 🚫📉

Just yesterday, one such girl shared a “signal” and people who trusted it faced a 90% LOSS! 😡

🚨 Important Reminder:

• Crypto trading is NOT a guessing game.

• Signals from unverified influencers are dangerous.

• Your hard-earned money should not be their experiment.

👉 Do Your Own Research (DYOR)

👉 Follow only authentic & verified sources

👉 Don’t fall for FOMO or fake promises

The crypto market is already risky don’t make it worse by trusting these fake “signal providers.”

Protect your money. Protect your future. ❌

@Binance Customer Support @Binance Announcement @Binance Risk Sniper
#Fraud_alert #scamriskwarning
Pinkon
--
I lost 90% of my original capital.I don't understand what I should do now.
Mahmood Chishti:
100% right waseem bhai
Vietnamese Billionaire Sentenced to Death Tries to Avoid Execution by Paying Back Money Truong My Lan, a famous real estate businesswoman in Vietnam, has been sentenced to death for stealing over $12 billion. Now, she is trying to return some of the stolen money, hoping it will reduce her sentence. A Billion-Dollar Fraud Case Lan’s lawyer, Giang Hong Thanh, said she has started selling her assets to repay the stolen money. So far, she plans to return $585 million from bond profits. From Small Business to a Real Estate Empire – Then a Big Fall Lan was born in Ho Chi Minh City and began by selling cosmetics at a street market. After Vietnam’s economic reforms in 1986, she moved into real estate and became very successful. By 2024, she was the head of Van Thinh Phat Group and was arrested for running a huge financial scam involving Saigon Commercial Bank (SCB). Why She Got the Death Penalty In April 2024, Lan was found guilty of stealing $12.3 billion from SCB through fake loans. These fake loans made up 93% of the bank’s total lending, causing huge financial losses for many investors. Although she was not an official executive at SCB, the court found that she controlled 91% of the bank’s shares through a network of family members and fake companies. Government Reaction: A Huge Bailout Vietnam’s central bank had to spend $24 billion to save SCB, and another $26 billion will be paid back over 15 years. The total financial damage is estimated at $27 billion, which is 6% of Vietnam’s GDP in 2023. Lan was tried alongside 85 others, including former bank officials, government leaders, and SCB executives. A Plea for Mercy Lan has asked the court for a lighter sentence, but her request was denied. The court said her crime was too serious. She has now hired four more lawyers to help with her appeal. 27 of her co-defendants have also asked for lighter sentences. The appeal hearings will continue until April #vietnam #Fraud_alert #worldnews
Vietnamese Billionaire Sentenced to Death Tries to Avoid Execution by Paying Back Money

Truong My Lan, a famous real estate businesswoman in Vietnam, has been sentenced to death for stealing over $12 billion. Now, she is trying to return some of the stolen money, hoping it will reduce her sentence.

A Billion-Dollar Fraud Case

Lan’s lawyer, Giang Hong Thanh, said she has started selling her assets to repay the stolen money. So far, she plans to return $585 million from bond profits.

From Small Business to a Real Estate Empire – Then a Big Fall

Lan was born in Ho Chi Minh City and began by selling cosmetics at a street market. After Vietnam’s economic reforms in 1986, she moved into real estate and became very successful.

By 2024, she was the head of Van Thinh Phat Group and was arrested for running a huge financial scam involving Saigon Commercial Bank (SCB).

Why She Got the Death Penalty

In April 2024, Lan was found guilty of stealing $12.3 billion from SCB through fake loans. These fake loans made up 93% of the bank’s total lending, causing huge financial losses for many investors.

Although she was not an official executive at SCB, the court found that she controlled 91% of the bank’s shares through a network of family members and fake companies.

Government Reaction: A Huge Bailout

Vietnam’s central bank had to spend $24 billion to save SCB, and another $26 billion will be paid back over 15 years.

The total financial damage is estimated at $27 billion, which is 6% of Vietnam’s GDP in 2023.

Lan was tried alongside 85 others, including former bank officials, government leaders, and SCB executives.

A Plea for Mercy

Lan has asked the court for a lighter sentence, but her request was denied. The court said her crime was too serious.

She has now hired four more lawyers to help with her appeal. 27 of her co-defendants have also asked for lighter sentences.

The appeal hearings will continue until April
#vietnam
#Fraud_alert
#worldnews
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#Markhoor Traders This is a huge fraud, they are scammers stay away from them Do not add anyone to their group and do not give them even 1 rupee please please beware #Fraud_alert #FraudAlert #fraude
#Markhoor Traders

This is a huge fraud, they are scammers
stay away from them

Do not add anyone to their group

and do not give them even 1 rupee

please please beware

#Fraud_alert
#FraudAlert
#fraude
CLS Global’s Guilty Plea What Happened? CLS Global, a crypto firm, admitted to market manipulation. The FBI caught them in an operation called "Token Mirrors." #fra How the FBI Did It 1. The FBI created a fake cryptocurrency called "MirrorCoin." 2. CLS Global manipulated its price using fake trades (wash trading). 3. Undercover agents recorded CLS Global explaining how they cheated. Punishments for CLS Global: 1.Paid a $428,059 fine. 2.Banned from using U.S. crypto platforms. Impact: Warns other firms not to cheat. Helps make crypto markets more trusted. Conclusion The FBI’s plan worked, catching CLS Global and stopping fraud. #Fraud_alert #FBI #scam #analysis #news $SOL $XRP $BNB
CLS Global’s Guilty Plea

What Happened?

CLS Global, a crypto firm, admitted to market manipulation.

The FBI caught them in an operation called "Token Mirrors."
#fra
How the FBI Did It

1. The FBI created a fake cryptocurrency called "MirrorCoin."

2. CLS Global manipulated its price using fake trades (wash trading).

3. Undercover agents recorded CLS Global explaining how they cheated.

Punishments for CLS Global:

1.Paid a $428,059 fine.
2.Banned from using U.S. crypto platforms.

Impact:

Warns other firms not to cheat.
Helps make crypto markets more trusted.

Conclusion
The FBI’s plan worked, catching CLS Global and stopping fraud.

#Fraud_alert #FBI #scam #analysis #news
$SOL $XRP $BNB
#Fraud_alert for all my cypto traders as I have was that many of traders have lost heir $Pi Coins from their wallets is because of greed and Illetracy or excitement. I m going to share a link of an advertisment on Facebook that is portraying as a part of PI_Network which it is not. always remember don't go out if your PI_ APP even from the PI browser as it edirects you towards a hacker page and once your wallet address and Pass phrase is pasted their... YOU ARE GONNA LOOSE YOUR #pi coins. keep your self motivated and Buy more $PEPE $NEIRO & $BONK to enjoy the profits here on binance. check this first comment for the link
#Fraud_alert for all my cypto traders as I have was that many of traders have lost heir $Pi Coins from their wallets is because of greed and Illetracy or excitement.
I m going to share a link of an advertisment on Facebook that is portraying as a part of PI_Network which it is not.
always remember don't go out if your PI_ APP even from the PI browser as it edirects you towards a hacker page and once your wallet address and Pass phrase is pasted their...

YOU ARE GONNA LOOSE YOUR #pi coins.

keep your self motivated and Buy more $PEPE $NEIRO & $BONK to enjoy the profits here on binance.

check this first comment for the link
I think Huma coin will take your money wait they will close market soon 😉 #Fraud_alert
I think Huma coin will take your money wait they will close market soon 😉
#Fraud_alert
See original
🇺🇸 AMERICANS LOST $9.3 BILLION IN CRYPTO FRAUDS DURING 2024. The Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation (FBI) has published its annual report detailing the complaints and losses due to scams and frauds related to cryptocurrencies in 2024. According to the report published on April 23, the IC3 received over 140,000 complaints mentioning cryptocurrencies in 2024, resulting in approximately $9.3 billion in losses. The bureau reported that individuals over 60 years old were the most affected by cryptocurrency-related frauds, with approximately 33,000 complaints and $2.8 billion in losses. #Fraud_alert #FraudAlert #Hack #crypto $SOL $XRP
🇺🇸 AMERICANS LOST $9.3 BILLION IN CRYPTO FRAUDS DURING 2024.

The Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation (FBI) has published its annual report detailing the complaints and losses due to scams and frauds related to cryptocurrencies in 2024.

According to the report published on April 23, the IC3 received over 140,000 complaints mentioning cryptocurrencies in 2024, resulting in approximately $9.3 billion in losses.

The bureau reported that individuals over 60 years old were the most affected by cryptocurrency-related frauds, with approximately 33,000 complaints and $2.8 billion in losses.
#Fraud_alert #FraudAlert #Hack #crypto
$SOL $XRP
#creattoearn #Fraud_alert Police investigating two separate fraud cases totaling nearly $500,000 in losses Athens-Clarke police detectives are investigating two cases of fraud in which victims reported they lost thousands of dollars. One case involves bank fraud, where a Decatur businessman reported that $304,000 was removed from his Wells Fargo bank account. Police said that on June 30, a woman from Hampton, located south of Atlanta, came into a bank office in Athens with a man, who had obtained personal information on the victim. This unknown man identified himself as the victim and signed a document giving the Hampton woman joint access to his bank account. Police said that on July 3, the Hampton resident began making phone transactions and transferred $304,000 into other accounts. The victim told police that he didn’t know the woman, nor did he give her permission to open a joint account in his name or transfer any money. Police have the woman's name as provided to the bank. Police Detective Blake Manning, who investigates financial and cyber crimes, reported that Wells Fargo is assisting in the investigation by providing paperwork on the transactions. In another case, a 75-year-old Athens businessman was swindled out of money after he willingly provided two men he didn’t know with information that gave them access to his financial accounts. The victim reported that on July 30, he received a call from a man claiming to be a Google employee, who urged him to reset his Google password for security reasons. The unknown man gave him the password to use, which also gave the scammer access to the man’s Google accounts, according to police. $USDC #USDC $BTC #BTC $XRP #xrp
#creattoearn #Fraud_alert

Police investigating two separate fraud cases totaling nearly $500,000 in losses

Athens-Clarke police detectives are investigating two cases of fraud in which victims reported they lost thousands of dollars.
One case involves bank fraud, where a Decatur businessman reported that $304,000 was removed from his Wells Fargo bank account.
Police said that on June 30, a woman from Hampton, located south of Atlanta, came into a bank office in Athens with a man, who had obtained personal information on the victim. This unknown man identified himself as the victim and signed a document giving the Hampton woman joint access to his bank account.
Police said that on July 3, the Hampton resident began making phone transactions and transferred $304,000 into other accounts.
The victim told police that he didn’t know the woman, nor did he give her permission to open a joint account in his name or transfer any money. Police have the woman's name as provided to the bank.
Police Detective Blake Manning, who investigates financial and cyber crimes, reported that Wells Fargo is assisting in the investigation by providing paperwork on the transactions.
In another case, a 75-year-old Athens businessman was swindled out of money after he willingly provided two men he didn’t know with information that gave them access to his financial accounts.
The victim reported that on July 30, he received a call from a man claiming to be a Google employee, who urged him to reset his Google password for security reasons. The unknown man gave him the password to use, which also gave the scammer access to the man’s Google accounts, according to police.

$USDC #USDC $BTC #BTC $XRP #xrp
See original
Fraud Warning 🚫, The non-commercial name AQ--Trade used a third-party account that you can see below, and after I confirmed the payment with my bank, I released the cryptocurrency, and after that, he somehow managed to freeze my bank account based on his transaction, which was a misunderstanding. Now he wants to get the money back to close the dispute. Please share and always use authorized merchants. #Bitlayer #CPIWatch #scam #Fraud_alert #Pakistan $BTC
Fraud Warning 🚫, The non-commercial name AQ--Trade used a third-party account that you can see below, and after I confirmed the payment with my bank, I released the cryptocurrency, and after that, he somehow managed to freeze my bank account based on his transaction, which was a misunderstanding. Now he wants to get the money back to close the dispute. Please share and always use authorized merchants.
#Bitlayer #CPIWatch #scam #Fraud_alert #Pakistan $BTC
i have been scammed a boy contacted me on WhatsApp 2 months ago and i don't know anything about binance nft he sales me an nft which worth is 2$ but he sale me this nft 226$ and now I'm in big trouble can anybody helps me i have attached ss also kindly help me #BinanceNFT #scam #Fraud_alert
i have been scammed
a boy contacted me on WhatsApp 2 months ago and i don't know anything about binance nft he sales me an nft which worth is 2$ but he sale me this nft 226$ and now I'm in big trouble can anybody helps me
i have attached ss also
kindly help me
#BinanceNFT #scam #Fraud_alert
#Fraud_alert Binance square Sy Mujhe ek shaks @Shafqat_bhatti27 Msg krta ha signals k Liye or trade Liye k mn Apko km rate py usdt dey deta hn Ap Mujhsy lyloo...Mne yaqeen kr k us sy 10k send Kiya jo k Ghalti Sy usy 20k send Hogya or itny mein hi us kamzor imaan waly insan ka imaaan gyaa or wo baiman Hogya kal Sy num band Whatsapp band...na call pick kr rha na koi response mere pass sary screenshot majood haij please Agr kuch idea ha kisi ko Toh help krdyn🥲😔 #BinanceAlphaAlert #Fraud_alert
#Fraud_alert
Binance square Sy Mujhe ek shaks @Shafqat_bhatti27 Msg krta ha signals k Liye or trade Liye k mn Apko km rate py usdt dey deta hn Ap Mujhsy lyloo...Mne yaqeen kr k us sy 10k send Kiya jo k Ghalti Sy usy 20k send Hogya or itny mein hi us kamzor imaan waly insan ka imaaan gyaa or wo baiman Hogya kal Sy num band Whatsapp band...na call pick kr rha na koi response mere pass sary screenshot majood haij please Agr kuch idea ha kisi ko Toh help krdyn🥲😔
#BinanceAlphaAlert #Fraud_alert
📢AI-Powered Crypto Scams Surge (456% Increase) Fraud using AI-generated voices, deepfakes, and fake profiles skyrocketed nearly 456% from May 2024–April 2025 in U.S. cities. Scammers stole over $10.7 billion globally in 2024 alone . Experts advise verifying identities and platforms, as these schemes often impersonate trusted contacts with urgent payment requests#Fraud_alert
📢AI-Powered Crypto Scams Surge (456% Increase)

Fraud using AI-generated voices, deepfakes, and fake profiles skyrocketed nearly 456% from May 2024–April 2025 in U.S. cities. Scammers stole over $10.7 billion globally in 2024 alone .

Experts advise verifying identities and platforms, as these schemes often impersonate trusted contacts with urgent payment requests#Fraud_alert
🚨 The Truth About ChainGPT (CGPT) and Its Connection to ChatGPT 🚨--- 🚨 IMPORTANT: ChainGPT is NOT related to ChatGPT🚨 ChainGPT ($CGPT) is a cryptocurrency claiming to provide AI-powered solutions for blockchain applications. It has NO connection to ChatGPT or OpenAI. The similarity in the name is misleading and can cause confusion among users. --- 💸 Should You Invest in CGPT? 1. 📉 Extreme Price Volatility: Prices change rapidly, raising concerns about potential market manipulation. 2. 🔒 Lack of Transparency: The project’s legitimacy and long-term potential are unclear. Verify their claims and team credentials before investing. 3. ⚠️ Fraud Concerns: Some users suspect foul play in market movements. Approach this token with extreme caution. --- ✅ What Should Binance Do? Clearly inform users that ChainGPT has no connection to ChatGPT or OpenAI.Ensure strict monitoring of CGPT trading activity to prevent market manipulation.Educate users about the risks of investing in lesser-known cryptocurrencies. --- 💡 Conclusion: ChainGPT (CGPT) is not associated with ChatGPT or OpenAI in any way. This token comes with high risks due to price instability and community concerns over transparency. Potential investors must do thorough research and exercise caution. Binance should take active steps to protect users and clarify any misleading assumptions about CGPT. This article was created with the help of ChatGPT, utilizing available information. #BtcNewHolder #beaware #HighRiskInvesting #Fraud_alert {future}(CGPTUSDT)

🚨 The Truth About ChainGPT (CGPT) and Its Connection to ChatGPT 🚨

---
🚨 IMPORTANT: ChainGPT is NOT related to ChatGPT🚨
ChainGPT ($CGPT) is a cryptocurrency claiming to provide AI-powered solutions for blockchain applications.
It has NO connection to ChatGPT or OpenAI.
The similarity in the name is misleading and can cause confusion among users.
---
💸 Should You Invest in CGPT?
1. 📉 Extreme Price Volatility:
Prices change rapidly, raising concerns about potential market manipulation.
2. 🔒 Lack of Transparency:
The project’s legitimacy and long-term potential are unclear. Verify their claims and team credentials before investing.
3. ⚠️ Fraud Concerns:
Some users suspect foul play in market movements. Approach this token with extreme caution.
---
✅ What Should Binance Do?
Clearly inform users that ChainGPT has no connection to ChatGPT or OpenAI.Ensure strict monitoring of CGPT trading activity to prevent market manipulation.Educate users about the risks of investing in lesser-known cryptocurrencies.
---
💡 Conclusion:
ChainGPT (CGPT) is not associated with ChatGPT or OpenAI in any way.
This token comes with high risks due to price instability and community concerns over transparency.
Potential investors must do thorough research and exercise caution.
Binance should take active steps to protect users and clarify any misleading assumptions about CGPT.
This article was created with the help of ChatGPT, utilizing available information.
#BtcNewHolder #beaware #HighRiskInvesting #Fraud_alert
Beware of Binance P2P Scammers! Some scammers are active on Binance P2P, sending fake payment proofs and asking you to cancel the order. They might offer you extra money or better deals just to trick you. Never cancel the order unless you confirm the payment in your account. Always wait for real payment, not just screenshots. Stay alert and trade safe! Tips to stay safe: Only confirm payment after checking your bank account, not SMS or email. Never cancel an order just because someone tells you to. Avoid chatting outside the Binance platform. Don’t rush—scammers often pressure you to act quickly. Report suspicious users immediately to Binance support. #P2PScam #Fraud_alert
Beware of Binance P2P Scammers! Some scammers are active on Binance P2P, sending fake payment proofs and asking you to cancel the order. They might offer you extra money or better deals just to trick you. Never cancel the order unless you confirm the payment in your account. Always wait for real payment, not just screenshots. Stay alert and trade safe!

Tips to stay safe:

Only confirm payment after checking your bank account, not SMS or email.

Never cancel an order just because someone tells you to.

Avoid chatting outside the Binance platform.

Don’t rush—scammers often pressure you to act quickly.

Report suspicious users immediately to Binance support.

#P2PScam #Fraud_alert
💅🏻😱👉🏻🤬Singaporean arrested in US for stealing Bitcoin and living a luxurious life 🤬👈🏻💅🏻😱Washington: Singaporean Melonie Lam (20) and her friend Jeantel Serrano allegedly defrauded an American Bitcoin investor by transferring 4,100 Bitcoins from his account to their own accounts. The money is worth $450 million today. They lived a luxurious life with this money. Melonie Lam spent up to $5 lakh a day at nightclubs in Miami and Los Angeles before her arrest in September 2024. Specifically, she spent $72,000 on 48 bottles of champagne and $38,500 on 55 bottles of Grey Goose vodka. She bought and gifted models Hermes Birkin bags worth $20,000 (Rs. 18 lakhs). This is about Rs. 5 crore in Indian currency. He has amassed 30 luxury cars, including Lamborghinis, Porsches and Ferraris. Of these, the Pagani Huayra is worth $38 million (Rs. 33 crore). US intelligence officials, who were monitoring Lam and Serrano’s luxurious lifestyle, arrested them last year and put them in prison. Lam was accused of stealing $230 million worth of bitcoin in a Washington court. The trial in the case is scheduled to take place on October 6. Officials said he could face up to 20 years in prison if convicted. #BitcoinSCAM #Fraud_alert #USGovernment #USGovernmentBitcoin $CAKE {spot}(CAKEUSDT)

💅🏻😱👉🏻🤬Singaporean arrested in US for stealing Bitcoin and living a luxurious life 🤬👈🏻💅🏻😱

Washington: Singaporean Melonie Lam (20) and her friend Jeantel Serrano allegedly defrauded an American Bitcoin investor by transferring 4,100 Bitcoins from his account to their own accounts. The money is worth $450 million today. They lived a luxurious life with this money.
Melonie Lam spent up to $5 lakh a day at nightclubs in Miami and Los Angeles before her arrest in September 2024. Specifically, she spent $72,000 on 48 bottles of champagne and $38,500 on 55 bottles of Grey Goose vodka. She bought and gifted models Hermes Birkin bags worth $20,000 (Rs. 18 lakhs). This is about Rs. 5 crore in Indian currency.
He has amassed 30 luxury cars, including Lamborghinis, Porsches and Ferraris. Of these, the Pagani Huayra is worth $38 million (Rs. 33 crore). US intelligence officials, who were monitoring Lam and Serrano’s luxurious lifestyle, arrested them last year and put them in prison. Lam was accused of stealing $230 million worth of bitcoin in a Washington court. The trial in the case is scheduled to take place on October 6. Officials said he could face up to 20 years in prison if convicted.
#BitcoinSCAM #Fraud_alert #USGovernment #USGovernmentBitcoin
$CAKE
BREAKING: Former Celsius CEO Alex Mashinsky Sentenced to 12 Years for Crypto FraudAlex Mashinsky, the founder and former CEO of the cryptocurrency lending platform Celsius Network, has been sentenced to 12 years in federal prison for orchestrating a multi-billion-dollar fraud scheme that misled investors and manipulated the market. 🏦 What Happened? Mashinsky launched Celsius in 2017, promoting it as a safe, high-yield alternative to traditional banking. The platform attracted over $25 billion in customer assets by offering interest rates as high as 18.6% on crypto deposits. However, in July 2022, Celsius collapsed, freezing $4.7 billion in customer funds and revealing a $1.2 billion financial gap. In December 2024, former Celsius CEO Alex Mashinsky pleaded guilty to securities fraud and commodities fraud. He admitted to: 1 Misleading customers about the financial health of Celsius and the safety of their investments. 2 Using customer funds for high-risk investments without proper disclosure. 3 Manipulating the price of Celsius’s native token (CEL) by orchestrating large-scale purchases to inflate its value, while secretly selling his own holdings for personal gain. On May 8, 2025, U.S. District Judge John G. Koeltl sentenced Mashinsky to 12 years in federal prison. Prosecutors had sought a 20-year sentence, emphasizing the deliberate and deceptive nature of his actions and his lack of remorse. The judge noted that the fraud was the result of deliberate decisions rather than market conditions or negligence. 📉 The Fallout The collapse of Celsius left many investors, including retail customers, with significant losses. At its peak, Celsius managed over $25 billion in assets, but its bankruptcy in 2022 left a substantial financial gap, with only about 60% of customer funds partially recovered. Do you think 12 years is enough for crypto fraud on this scale? #crypto #newscrypto #Fraud_alert #Celsius #AlexMashinsky

BREAKING: Former Celsius CEO Alex Mashinsky Sentenced to 12 Years for Crypto Fraud

Alex Mashinsky, the founder and former CEO of the cryptocurrency lending platform Celsius Network, has been sentenced to 12 years in federal prison for orchestrating a multi-billion-dollar fraud scheme that misled investors and manipulated the market.
🏦 What Happened?
Mashinsky launched Celsius in 2017, promoting it as a safe, high-yield alternative to traditional banking. The platform attracted over $25 billion in customer assets by offering interest rates as high as 18.6% on crypto deposits. However, in July 2022, Celsius collapsed, freezing $4.7 billion in customer funds and revealing a $1.2 billion financial gap.

In December 2024, former Celsius CEO Alex Mashinsky pleaded guilty to securities fraud and commodities fraud. He admitted to:
1 Misleading customers about the financial health of Celsius and the safety of their investments.
2 Using customer funds for high-risk investments without proper disclosure.
3 Manipulating the price of Celsius’s native token (CEL) by orchestrating large-scale purchases to inflate its value, while secretly selling his own holdings for personal gain.
On May 8, 2025, U.S. District Judge John G. Koeltl sentenced Mashinsky to 12 years in federal prison. Prosecutors had sought a 20-year sentence, emphasizing the deliberate and deceptive nature of his actions and his lack of remorse. The judge noted that the fraud was the result of deliberate decisions rather than market conditions or negligence.
📉 The Fallout
The collapse of Celsius left many investors, including retail customers, with significant losses. At its peak, Celsius managed over $25 billion in assets, but its bankruptcy in 2022 left a substantial financial gap, with only about 60% of customer funds partially recovered.
Do you think 12 years is enough for crypto fraud on this scale?
#crypto #newscrypto #Fraud_alert #Celsius #AlexMashinsky
No one Should Buy or Invest The Newly Launched Token Of Treasure N.F.T Until The Treasure N.F.T isn’t going to release The Withdrawals Of many Poor Citizens of Pakistan and India across borders. We demand Release of Withdrawals Boycott The Deposit or Purchasing of their token #Fraud_alert #FraudAlert
No one Should Buy or Invest The Newly Launched Token Of Treasure N.F.T
Until The Treasure N.F.T isn’t going to release The Withdrawals Of many Poor Citizens of Pakistan and India across borders.
We demand Release of Withdrawals
Boycott The Deposit or Purchasing of their token
#Fraud_alert #FraudAlert
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