That's what I thought I was doing with Celsius - defund the banks Mashinsky said. We were fighting over all of the money supply in the entire world. And then Celsius became enemy number 1 and FTX + cronies attacked it mercilessly for months.
FTX allowed for open perpetual shorts against the CEL token, FTX shorted Celsius large position in stETH to the tune of $1.5B USD to destabilize its largest ETH holding - all while running a dedicated FUD campaign led by FTX hit man Sam Trabucco to successfully incite a bankrun and eventual filing for bankruptcy. Celsius could have survived the bear if it wasn't attacked by the order of the cabal that allowed FTX to exist and spoof money through Alameda Reaearch for so long.
Sickens me how many innocent people got caught up in these whale games where they are truly fighting over the future of the world's money supply. With its large stake in bitcoin mining and a healthy balance sheet, Celsius was a tremendous threat to TradFi, and they just could not be allowed to make it to the next bull market. Savagery to allow the CEL token to be perpetually shorted in the manner it was - the FTX exchange went down with millions of open positions on its books. I hope it comes out in Chapter 11 that this was orchestrated by FTX, but I fear the examiner's report will be accepted as the only facts even though it is clearly biased against the business interests.