Simon Dixon Loses $8.8 Million Worth Bitcoin on Celsius Network

• Simon Dixon tweeted that Celsius Network has stolen $8.8 million worth of bitcoin from him.
• He also mentioned the involvement of Alex Mashinsky in the theft.
• Many investors came forward with their experiences and comments over the incident.

Simon Dixon, the CEO, and co-founder of the online investment platform BnkToTheFuture.com shared a thread on his official Twitter account claiming that the liquidity-strapped crypto lending platform, Celsius Network, has acquired 289 Bitcoin worth $8.8 million as to an earlier loan application which hasn’t been even granted.

On February 25, Dixon tweeted that “the Celsius hole is deeper than we think”:

The #Celsius hole is deeper than we think. On my account alone 289 #Bitcoin ($8.8m) was literally taken from me using a database entry on the date of the pause based upon an earlier loan application they never paid me. That’s more than mismanagement, that #SBF style embezzlement. https://t.co/u39nLLAkmr pic.twitter.com/BGymDiLhZl

— Simon Dixon (@SimonDixonTwitt) February 25, 2023

Notably, Dixon, while presenting the huge loss he had, commented that he would rather address it as an “embezzlement” similar to…

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