Alex Mashinsky on risk management
From Interview w/ Alex Mashinsky - CEO of Celsius and inventor of VOIP · · Dollar Auction Show
“celsius now is 350 people so we have more people in our risk department than most need by project have in total right and celsius audits every project meaning like right now we only deploy on six or seven different t5 platforms why because we audited their smart contract we know exactly what they're doing we look at every new version we don't put any money on the new version before most people don't have time for that”
On , Alex Mashinsky, Former CEO at Celsius Network, spoke about risk management during Interview w/ Alex Mashinsky - CEO of Celsius and inventor of VOIP on Dollar Auction Show.
About Alex Mashinsky
In a March 2019 town hall for Celsius Network, Alex Mashinsky criticized traditional banks for offering low deposit rates while charging high interest on loans, stating that "your bank takes your deposit, right? Gives you less than 1%, gives you an IOU and lends it to her and charges her 25% of her credit card and keeps 24% to themselves." He also highlighted what he described as economic inequality, saying "there was never in the history of mankind bigger disparity between the rich and the poor" and that he was "shocked that there are no guillotines on the street." Mashinsky noted that Celsius Network's token would only become valuable "if the whole community is creating value inside the community," and mentioned that the company had "at least 50 hedge funds that use us to reduce their tax exposure to defer their taxes."