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crypto

Alex Mashinsky, of Celsius infamy, has been sentenced to to 12 years in prison for running the Celsius fraud. At its peak it held $25bn aum.

Interesting timing amid lots of lenience to dodgy crypto people. BitMex got a pardon, CZ angling for one: both violated money laundering laws. 

By contrast, CEL was a flat out fraud, like FTX. 

“The case for tokenisation is strong but it is not a licence to deceive,” said the prosecutor. Nice to see the nuance.

teddit

hard truths:

1. crypto isn’t growing, in fact it’s more cringe than ever because of the new admin embracing it / $trump

2. it’s not realistic to generate a full-time sustainable income on farcaster, $degen and $higher were anomaly wealth events

3. majority of the world doesn’t think in terms of markets 24/7

ky backk

@floodibok