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A Pyramid of Ponzis: Celsius Network - Episode 85

In this episode Bennett Tomlin and Cas Piancey discuss a lawsuit against Celsius Networks by a former trader accusing them of being a Ponzi scheme. This episode was recorded on July 8th, 2022. Read more: https://cryptocriticscorner.com/2022/... Other episodes mentioned in this episode: Episode 1 – Tether: A Stable Discussion    • Tether: A Stable Discussion (Audio Only) -...   Episode 2 – Tether: A Stable Discussion Continued    • Tether: A Stable Discussion Part II (Audio...   Episode 3 – Tether Questions and Answers    • Tether Q&A (Audio Only) - Episode 3   Episode 6 – Crypto Capital Corp: the quiet billion dollar cryptocurrency scam    • Crypto Capital Corp: the quiet billion dol...   Episode 26 – Cryptocurrency Lending is Too Good to Believe    • Cryptocurrency Lending is Too Good to Beli...   Episode 79 – Celsius Collapse: Causes, Concern, and Catastrophe (Feat. Dirty Bubble Media)    • Celsius Collapsing: Causes, Concern, and C...   Episode 47 – Michael and Omar and 0xSifu, oh my!    • Michael Patryn and Omar Dhanani and 0xSifu...   Episode 83 – Contagion and Cascading Liquidations in Cryptocurrency    • Contagions and Cascading Liquidations in C...   Other Resources: Lawsuit https://iapps.courts.state.ny.us/nysc... Jason Stone thread   / 1545153673445113857   0xb1 address https://etherscan.io/address/0xb1adce... 0x50dd address (Believed to be Jason's where he sent NFTs from profit share) https://etherscan.io/address/0x50dd57... usastrong.eth 0x57ea (One of Krissy's known addresses) https://etherscan.io/address/0x57ea28... 0x37284 (The address we believe to be the one described in the suit) https://etherscan.io/address/0x372847... Babel Whistleblower https://decrypt.co/43168/whistleblowe... Other places to find Crypto Critics' Corner Website: https://cryptocriticscorner.com/ Twitter:   / cryptocriticpod   Instagram:   / cryptocriticpod   TikTok: https://vm.tiktok.com/TTPdPN2hK9/ Discord:   / discord   Bennett's Twitter:   / bennetttomlin   Cas' Twitter:   / caspiancey   Bennett's Newsletter: https://TheFUDLetter.com/ Cas' Blog:   / thecaspiancey   Bennett's Blog: https://bennettftomlin.com/ Asher's Twitter:   / ashtag23   Timestamps: 00:00 Who is suing Celsius? 0:40 What is in the suit? 3:45 Control over Wallet 7:14 Why was Celsius in DeFi? 8:51 A Ponzi invested in ponzis 12:03 NFTs 17:55 CEL Token 20:14 Scammers scamming scammers 25:15 Accounting issues and Tether bailout 27:24 Deep relationships and embedded leverage 34:40 Is there promise for regulation? This video was produced and edited by Asher Hirsch. #cryptocurrency #crypto #podcasts #listenable #web3 #celsius #celsiusnetwork #lending #cryptolending

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