As the case dragged out, Mashinsky and his household appeared unremorseful, victims stated, even while dealing with hazards of violence and substantial public shaming. Some victims implicated Mashinsky of lying to their faces and pressing them to continue transferring funds even when completion was near and he understood that the cash would be lost.

In victim declarations sent out to United States District Judge John Koeltl, clients implicated Mashinsky of weaponizing his family-man brand name to rip-off numerous ignorant financiers out of their life cost savings. Some suicides were reported, victims stated, and senior victims were amongst the most susceptible, with numerous ending up being homeless after retirement funds were drained pipes. Amongst the victims was Rien Vanmarcke, who admitted to feeling haunted by regret after encouraging his aging mom to buy Celsius and losing most of their cost savings.

And “Mashinsky’s cruelty didn’t end with the collapse,” Vanmarcke composed. “His family mocked victims with ‘unbankrupt yourself’ merchandise funded by stolen savings, while flaunting luxury lifestyles online.”

Other victims likewise explained feeling palpable embarassment, even if they felt their roadway to healing wasn’t as bad as others. One victim, Daniel Frishberg, was still in high school when he lost 70 percent of his crypto to Mashinsky’s incorrect pledges.

“I am lucky that I am young and have plenty of time to make back the money I lost due to naively trusting Mr. Mashinsky—many are not as fortunate,” Frishberg composed.