Thread by @coryklippsten

WATCH VIDEO - #MashinskyLies
The juxtaposition of @celsiusnetwork CEO @Mashinsky dodging questions and lying about his connections to Moshe Hogeg, followed by unambiguous, unassailable proof of his lies, is powerful.
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#Celsians, as the video shows, @Mashinsky dumping his $CEL on you is not his first rodeo. He has years of experience with crypto rug pulls and pump-and-dumps.

https://twitter.com/MikeBurgersburg/status/1529504636633333761

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The full video transcript is at the end of this thread. H/t Upper Echelon Gamers and @MikeBurgersburg for the video and excellent research. 3/

To the employees of @celsiusnetwork and investors in the centralized, management-controlled "crypto token" $CEL, I know that many of you are innocent, and deserve much better than this association. I truly hope you find happiness and success. 4/

I did not set out to make life difficult for you. Celsius is just one of many crypto yield / trading platforms, irrelevant to my business. $CEL is just another altcoin, and I don't have any particular interest in what happens to it vs. any other altcoin. 5/

I was following the obviously inevitable Luna UST implosion very closely (see article). The narrow escape by Celsius, pulling $500M of user funds out of Anchor just before the Luna ecosystem collapsed, caught my eye.

swanbitcoin.com/dark-moon-the-… 6/

The flashpoint that sparked all the Twitter battles was the video @Mashinsky posted of himself claiming that Bitcoiners are responsible for 30% of all BTC being lost. It's an absolutely false and self-serving claim (he needs your coins).
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My company, @swanbitcoin, is a VERY different kind of company from @celsiusnetwork. THE TWO COMPANIES ARE **NOT** COMPETITORS! 8/

Swan is Bitcoin Only. We encourage steady accumulation and educate on self-custody. Our customers own their coins in individual accounts. Swan CANNOT access your coins. And we constantly guard our clients against schemes that seem too good to be true. 9/

.@Celsiusnetwork encourages trading, leverage, and participation in risky defi yield games like Luna / UST / Anchor and BadgerDAO. Users are unsecured creditors to their trading operations, with Celsius owning the coins legally. It's very different from Swan. 10/

I'm in favor of free markets and free speech. I believe that Bitcoiners are much better off using a Bitcoin service like Swan.

I also believe that yield-seeking crypto traders should stay away from Swan. We are not the right partner for you. 11/

If you are a Bitcoiner and you still have Bitcoin on Celsius, my offer stands. DM me proof that you've withdrawn 1 BTC or more to self-custody, and I'll give you 1 year membership in SwanPrivate.com ($3k value, no auto-renewals). We'll take care of you, I promise. 12/

If there are any crypto traders or defi yield seekers who accidentally signed up for Swan, please feel free to DM @Mashinsky and I'm sure he'd welcome you at Celsius. 13/

Ok, here's the transcript of the @Mashinsky video, as promised: 14/

"In November of 2021, Moshe Hogeg, the founder of Sirin Labs, was arrested by Israeli police on charges of massive crypto fraud and sex trafficking during that arrest, subject to a gag order by Israeli officials. 15/

"Multiple other individuals were also taken into custody on crypto charges such as money laundering, including Yoram Shalem. Shalom was the Chief Financial Officer of Celsius Network at the time. 16/

"When confronted in a public forum, an AMA on Twitter, CEO Alex Mashinsky had this to say. Please listen to the audio in full. It will be incredibly important later on. 17/

Q: So, Alex, I just wanted to ask you a quick question about this news I've been seeing out of Israel regarding Moshe Hogeg. I don't know if I'm pronouncing that right, but… 18/

… it looks like your CFO worked for him for a number of years and people are saying that he might have been arrested along with Moshe and some of his other conspirators. Do you mind telling us about that? 19/

@Mashinsky: Um, yeah.I don't know much about it, so I don't know the, uh, what's happening there. 20/

Q: Well, so I guess my question is it looks like this your CFO, it looks like you guys have been together for a little while, but like all of this experience before Celsius Network looks like it was, it was with this guy's company. 21/

So, I mean, you must have some familiarity with it considering you, you know, hired, hired him. I just want to make sure that, you know, this doesn't pose a threat to the community or anything. 22/

@mashinsky: Well, I don't see any connection, but if you think there is, you know, if you want to tell me something about it, I'll have to take a look at it.

Q: Okay. So you're denying any knowledge or anything about this case or where your CFO is right now? 23/

@Mashinsky: The guy you're talking about has Nothing to do with Celsius. Okay.

Q: So Yoram Shalem has nothing to do with Celsius network?

@Mashinsky: The guy you talked about, this Hogeg guy, has nothing to do with Celcsius, 24/

Q: Right. But your CFO worked for him for several years before Celsius looks like it's basically all of his experience. It just seems like, you know, something that the very least poses a reputational risk to your company. You know? 25/

@Mashinsky: I again, I think you're making assumptions. I don't know where are you getting your information, but, you know, I don't have any information about that. 26/

"Lucky for us, Twitter's NFT verification system also allows us to trace the image and its controlling wallet. This right here is @Mashinsky, controlled by a crypto wallet, which I will call for the purpose of this video. Wallet 1. 27/

"Wallet 1, as the first ever transaction in its history was funded by another wallet, which I'm going to call Wallet 0. 28/

"This means in no uncertain terms that Alex @Mashinsky's verified NFT is being held in a wallet that he owns, which was originally funded by Wallet 0. Stay with me here. Wallet 0. 29/

"The original funding wallet has many transactions dating back multiple years, but some of those transactions are very important. mid-December of 2017. This wallet was receiving hundreds of thousands of the AMM token, also called micro money. 30/

"Micro Money was a crypto lending platform. Sound familiar that boasted significant investors and partnerships. 31/

"Among those partnerships was a company called Governing Dynamics, and Governing Dynamics was founded by Alex Mashinsky, who is currently listed on their website as Managing Director. 32/

"Now, it's important to understand these hundreds of thousands of Micro Money tokens were being sent to Wallet 0 before the token went public as per Coingecko.

And in the days after that ICO, all of them were dumped onto the market. This is what is called a rug pull. 33/

"And if you scale back, AMM peaked at well over $2. Monday, January 8th. 2018. The price was at $2.43 that same day. Wallet 0 sold 100,000 tokens two days prior. Another 100,000 3 days before that same thing. 34/

"We can demonstrate exactly what happened with this visualized graph right here. AMM tokens come in. All of them flow out through one intermediary wallet in the process into now defunct exchanges. 35/

"Classic rug pull by wallet 0, which is the original transacting wallet with Alex @Mashinsky personal NFT wallet and receive the tokens before public release. Also created by a company directly partnered with Alex Mashinsky Global Dynamics Initiative. 36/

"Hopefully that made sense. That right there is cause for concern owing to the fact that Micro Money is now priced at a fraction of a penny. But there's more. Wallet 0 also has a significant number of trades for a token called Sirin. 37/

"Sirin, also titled SRN is a token from the company Sirin Labs, founded by a man named Moshe Hogeg.

Remember that name? 38/

"On December 27th 2017, Wallet 0 received 1.5 million Sirin tokens three days before its initial coin offering to the public after December 30th, Wallet 0 dumped 1.5 million tokens within one week. Here is a visual tokens go in. ICO happens. 39/

"Tokens go out through one intermediary wallet and hit the exchange. Flash forward SRN token is worth a fraction of a penny.

Once again, just like Micro Money wallet 0. 40/

"Directly connected by verified transaction to the wallet owned by Celsius, CEO Mashinsky participated in two separate rug pulls.

END TRANSCRIPT 41/

For more high quality research on @CelsiusNetwork and @Mashinsky, check out the Celsius archives on Dirty Bubble Media, by @MikeBurgersburg: dirtybubblemedia.substack.com/?sort=search&s… 42/

And DEFINITELY check out the full video about Celsius by Upper Echelon Gamers, and give them a Subscribe: 43/

If you've made it this far, you deserve a few Bitcoin resources:

To give your friends and family pure Bitcoin signal, not "crypto" noise, I highly suggest sending them to The Bitcoin Canon at swanbitcoin.com/canon 44/

For a free copy of my own personal favorite introduction to Bitcoin, "Inventing Bitcoin" by @skwp Yan Pritzker (I LOVE the introduction, when he imagines the difference if his family had Bitcoin when they emigrated from Ukraine), visit swanbitcoin.com/freebook 45/

And finally, I highly recommend subscribing to my email newsletter, The Daily Bitcoiner at cory.substack.com. Each morning you'll get one of the best pieces of educational content from the history of Bitcoin. 46/

Bring back the Sonics. 47/47 END

https://twitter.com/mrmasternode/status/1531157409091264512