🌚➡️💀 MOON TO DEAD COIN | Project Review 12: $CEL Do you know? 👀 $CEL (Celsius) promised "safer than a bank" and up to 18% yield… then froze $4.7B of users' money and the CEO went to PRISON for rigging the token's own price. 😳 The Raise / The Scale: ▶️ Celsius raised ~$908.10M in equity (2018-2021) at a $3B+ valuation (WestCap, Caisse de dépôt/CDPQ) ▶️ At its peak it held ~$25B in customer assets, one of the biggest crypto platforms on earth ▶️ It collected ~$20B from customers, then made risky/uncollateralized bets with it ▶️ CEO Mashinsky sold ~$44M of his OWN CEL while publicly saying he wasn't selling ▶️ Public Sale: $19.50M (2%) ▶️ Funding Rounds: $888.60M (98%) Sale Prices: ➡️ Private Round: $0.2/CEL, Raised: $52M, ATH ROI: ~40x ) ➡️ ICO (March 2018): Raised: $19.5M, $0.3/CEL ( ATH ROI: ~27x ) @CelsiusNetwork Investors and Backers: gumi Cryptos, WestCap, Caisse de Dépôt et Placement du Quebec, tokentus investment AG, Tether, Nuri How the token worked (the scam): ➡️ #CEL was the "reward" token, hold it, get boosted yield ➡️ Mashinsky personally manipulated CEL's price & reward rate to pump it ➡️ A court examiner called it a pyramid scheme, new deposits paid old "rewards" Here's the wild part 👇 $CEL ATH: ~$9.879 (March 2021), A token propped up by manipulation, not demand. The collapse: → June 12, 2022: Celsius FROZE all withdrawals, 1.7M users locked out → $4.7B in customer assets, inaccessible overnight → July 13, 2022: Chapter 11 bankruptcy, $1.2B balance-sheet hole → CEL crashed toward zero → Victim testimony at sentencing included financial ruin and suicides Today: ➡️ CEL is effectively DEAD → down ~99.90%+ from ATH, a bankruptcy relic ➡️ Founder Alex Mashinsky → 12 YEARS in federal prison (May 2025), forfeited $48M ➡️ FTC: $4.7B judgment + LIFETIME crypto ban ➡️ Creditors have clawed back ~72% via bankruptcy distributions (2026), but years late Lesson for my CryptoPatel Family: 👉 "Safer than a bank" + "18% yield" = a CONTRADICTION. Nobody pays you 18% risk-free. Nobody. 👉 NOT your keys, NOT your coins. If you can't withdraw instantly, you don't own it. 👉 A token the FOUNDER can pump at will is not an asset → it's a trap. 👉 When insiders are quietly selling while telling YOU to hold → RUN. Your crypto sitting on a "high-yield" platform isn't earning, it's at risk. If the yield sounds too good to be true, it IS. Self-custody. Book profits. Trust math, not marketing. Not Financial Advice. ALWAYS DYOR.