Publisher says it’s trying to scrub all traces of ‘Mashinsky Method’ book


A e-book as soon as slated to be launched by Alex Mashinsky, the previous CEO and founding father of the bankrupt cryptocurrency lender Celsius, has been pulled earlier than it may ever hit the cabinets and the writer of the title is attempting to “take away all hint of it on-line.”

The Mashinsky Methodology: The Decentralized Path to Monetary Freedom was the identify of an upcoming monetary literacy e-book by Alex Mashinsky with a tentative launch date set for someday in June.

It promised to show his “7-step methodology” on “the best way to shield your property and the best way to create compounding yield […] Utilizing stablecoins and different crypto equivalent to Bitcoin” in response to a description on Amazon.

One Australian e-book retailer had the worth of the title set to round $32 ($46.25 Australian {dollars}).

The e-book’s writer, Wiley, reconfirmed in a Feb. 6 tweet that the e-book “has been canceled” after a Twitter person got here throughout an inventory of the purportedly upcoming e-book. 

“As soon as a e-book is canceled, eradicating all hint of it on-line is usually a advanced course of,” Wiley added. It mentioned it was working with retailers to replace their information to indicate the e-book would now not be launched.

Wiley first confirmed the e-book would not be revealed in a November 2022 tweet. On the time, it mentioned it was working with retailers to replace the info. 

Cointelegraph has reached out to Wiley in regards to the cancellation however didn’t obtain a right away response.

The crypto neighborhood already harbored skepticism concerning the discharge of the e-book ever for the reason that Celsius debacle. The tweet from Wiley has seemingly closed the e-book on such hypothesis.

Mashinsky is currently being sued by the New York Legal professional Common’s workplace, which introduced a lawsuit on Jan. 5 alleging the ex-CEO defrauded buyers out of billions price of crypto.

It mentioned his actions previous to Celsius declaring bankruptcy contributed to investor losses as he misrepresented Celsius’ monetary situation and didn’t comply with regulatory necessities.

Associated: Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

The crypto lender filed for Chapter 11 chapter in July 2022 and has round 600,000 customers with crypto frozen in Celsius accounts.

Simply weeks earlier than the corporate froze buyer funds and declared chapter, Mashinsky allegedly withdrew $10 million from the platform elevating questions on whether or not Mashinsky knew the corporate could be freezing funds and submitting for chapter.

In a 470-page report, a chapter court-appointed examiner discovered on Jan. 31 the platform used customer funds in a “very Ponzi-like” method.

The examiner additionally documented how Mashinsky tried to personally exert management over the worth of the platform’s native CEL token, an unsuccessful effort that led Celsius to make use of buyer cryptocurrencies to fund its CEL buybacks because it wasn’t incomes enough yield.