As the case continued, Mashinsky and his family seemed inherited, said victims, even while they were confronted with threats of violence and significant public shame. Some victims accused Mashinsky of lying against their faces and push them to keep depositing, even when the end was near and he knew the money would be lost.
In victim signs sent to the American district judge John Koeltl, customers accused Mashinsky of arming his family brand to save many naive investors from their lives. Some suicides were reported, victims said, and older victims were among the most vulnerable, many of them became homeless after pension funds were taken away. Among the victims, Rien Vanmarcke, who confessed to felt chased by guilt after he convinced his aging mother to invest in Celsius and to lose most of their savings.
And “Mashinsky's cruelty did not end with the collapse,” wrote Vanmarcke. “His family mocked victims with 'Unbankrupt Yourself' merchandise financed by stolen savings, while he is on which he shows up luxury lifestyle.”
Other victims also described tangible shame, even if they found that their way to recovery was not as bad as others. A victim, Daniel Frishberg, was still in high school when he lost 70 percent of his crypto to the false promises of Mashinsky.
“I am lucky that I am young and I have enough time to earn back the money I lost by Mr Mashinsky Naively – many are not so happy,” Frishberg wrote.
