2 years ago
Youtuber Bitboy Crypto, aka Ben Armstrong, alleged the FTX speech and Canadian entrepreneur Kevin O’Leary were pivotal figures successful taking down Celsius.
The crypto lending and borrowing level halted withdrawals connected June 13 to stabilize operations amid “extreme marketplace conditions.”
Weeks earlier that, rumors were circulating each was not good astatine Celsius, including reports of unfair liquidations and hurdles to withdrawing funds. At the time, erstwhile CEO Alex Mashinsky labeled specified reports arsenic FUD, denying determination were problems astatine the company.
Mike bash you cognize adjacent 1 idiosyncratic who has a occupation withdrawing from Celsius?,
why dispersed FUD and misinformation.
If you are paid for this past fto everyone cognize you are picking sides different our occupation is to combat Tradfi together…
— Alex Mashinsky (@Mashinsky) June 11, 2022
Celsius filed for Chapter 11 bankruptcy connected July 13, with Mashinsky saying it was “the close determination for our assemblage and company.”
Since then, the contagion has dispersed further into the industry, with respective different crypto platforms filing for bankruptcy post-Terra implosion.
In the aftermath, peculiarly successful the lawsuit of FTX, parts of the crypto manufacture person been exposed arsenic an over-leveraged, risk-intolerant Ponzi.
Bitboy spills the beans
Throughout the FTX collapse, Bitboy has thrust himself beforehand and halfway arsenic a cardinal idiosyncratic successful exposing the lies and corruption.
Speaking precocious connected the Altcoin Daily YouTube channel, Bitboy called Kevin O’Leary “a snake,” saying “there’s been immoderate atrocious worldly successful his past,” but did not elaborate further connected what it was.
Bitboy switched the speech to O’Leary’s alleged ties with FTX and Sam Bankman-Fried (SBF), adding the second was “behind each clang this full year.”
“Kevin O’Leary was 100% complicit successful helping FTX clang Celsius. We cognize now, Sam’s down each clang this full year. Sam was down Terra Luna, Sam was down Celsius, Sam was down Voyager, Sam was down Three Arrows Capital… they’re a large crippled hunter.”
Explaining the motive arsenic helium sees it, Bitboy said FTX profiting from each clang was a play to stave disconnected its ain liquidity woes.
However, Bitboy did not wholly fto Mashinsky disconnected the hook, saying the erstwhile CEO had his portion to play successful Celsius’s downfall and volition beryllium held accountable. He added that:
“The existent scam of what FTX was doing by counterfeiting coins and inflating them connected their markets, and you recognize Sam has a gigantic abbreviated successful connected the CEL token.”
Celsius to zero, said O’Leary
Referring to the infamous interrogation successful which O’Leary called SBF “one of the astir superb traders” and inactive worthy of backing, Bitboy pointed retired the peculiarity of continuing to enactment the disgraced erstwhile FTX CEO.
Questioner: Would you backmost SBF [of FTX] again?
Kevin O'Leary: "He was 1 of the astir superb traders successful the crypto Universe… the reply would be, yes." pic.twitter.com/WYCDNRK74c
— unusual_whales (@unusual_whales) November 16, 2022
He continued by saying that O’Leary-backed concern steadfast WonderFi was 1 of the past firms to nonstop funds to FTX to support the institution afloat portion besides mentioning a CoinDesk interrogation with O’Leary calling for Celsius to “go to zero.”
“Nobody other deliberation it’s weird successful June, close earlier everything started happening with Celsius, Kevin O’Leary is connected CoinDesk saying, “I deliberation close earlier we person a alteration successful the market, we’re going to person to spot Celsius spell to zero”?”
Bitboy said competing speech platforms, specified arsenic Celsius, and projects vying against Solana were targeted by FTX.
Commenting connected the imaginable ineligible enactment coming from these allegations, Bitboy said helium is not disquieted arsenic helium has “hard proof” of his claims.
The station BitBoy alleges O’Leary was cardinal subordinate successful Celsius illness on with FTX appeared archetypal connected CryptoSlate.
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