This publisher is trying to wipe ‘all trace’ of Mashinsky’s book online, but it’s hard
The book, which was once supposed to be released by Alex Mashinsky, the former CEO and founder of bankrupt cryptocurrency lender Celsius, was taken off the market before it even hit the shelves, and the publisher is trying to “remove all trace of it online.” ”
The Mashinsky Method: A Decentralized Path to Financial Freedom that was the title of Mashinsky’s forthcoming book on financial literacy, with a tentative release date set for June.
He promised to teach him the “7-step method” of “how to protect your assets and how to create compound interest returns.” […] The use of stablecoins and other cryptocurrencies such as bitcoin. description on the Amazon.
One Australian book retailer had a title price kit to AU$46.25 ($32).
The book’s publisher, Wiley, confirmed in a Feb. 6 tweet that the book “has been canceled” after a Twitter user stumbled upon a listing of a supposedly forthcoming book.
This book has been cancelled. Keep in mind that once a book has been cancelled, removing all traces of it online can be a difficult process. We continue to work with retailers and other partners to update their data with the correct information.
— Wiley (@WileyGlobal) February 6, 2023
“Once a book is cancelled, deleting all traces of it online can be a difficult process,” Wylie added. He said he is working with retailers to update their details to show that the book will no longer be released.
wylie first confirmed the book will not be posted on twitter last November. At the time, the company said it was working with retailers to update the data.
Cryptooshala reached out to Wiley about the cancellation but received no immediate response.
The crypto community was already harboring skepticism about the release of the book after the Celsius debacle. A tweet from Wiley appears to have put an end to such speculation.
The New York Attorney General’s Office is currently suing Mashinsky, who on Jan. 5 announced a lawsuit alleging that the former CEO defrauded investors of billions of cryptocurrencies.
It says that his actions before Celsius filed for bankruptcy caused losses to investors because he misrepresented Celsius’s financial position and failed to comply with regulatory requirements.
Celsius proposal to extend restructuring plan faces objections from creditors
The crypto lender filed for Chapter 11 bankruptcy in July 2022 and has about 600,000 users with frozen cryptocurrencies in Celsius accounts.
Just weeks before the company froze customer funds and filed for bankruptcy, Mashinsky allegedly withdrew $10 million from the platform, raising questions about whether Mashinsky knew the company would freeze funds and file for bankruptcy.
In a 470-page report, a bankruptcy court-appointed examiner found on January 31 that the platform was using customer funds in a “very Ponzi-like” manner.
The expert also documented how Mashinsky tried to personally control the price of the platform’s native CEL token, an unsuccessful attempt that forced Celsius to use clients’ cryptocurrencies to fund its CEL buybacks as it was not generating enough revenue.
Credit : cointelegraph.com