Publisher pulls Alex Mashinsky’s book after Celsius bankruptcy

The book by former Celsius Network CEO Alex Mashinsky, scheduled for publication, has been withdrawn from sale. Wiley confirmed the cancellation.

This book has been cancelled. Please be aware that once a book is cancelled, removing all trace of it online can be a complex process. We’re continuing to work with retailers and other partners to update their data with correct information.

— Wiley (@WileyGlobal) February 6, 2023

The book, titled “Mashinsky Method: The Decentralized Path to Financial Freedom,” was slated to hit shelves in June 2023. According to the description on Amazon, the former Celsius chief promised to teach readers a “7-step method” for “protecting assets and building a total income […] using stablecoins and other cryptocurrencies, such as Bitcoin.”

One Twitter user urged the publisher not to embarrass itself by releasing the book, arguing that the real Mashinsky “method” is described in court documents related to Celsius’s bankruptcy proceedings.

@WileyGlobal I hope you won’t publish this book, it would be shameful.

The real Mashinsky “method” is described in the 600+ page Examiner’s report released a few days ago: https://t.co/MVROkr56E0

— Michel Abadi (@MichelAbadi) February 5, 2023

Wiley said the book’s release has been canceled. However, updating information across retailer sites may take time. One Australian retailer still lists the preorder for 46,25 AUD ($32) at 46,25 AUD ($32).

Back in November 2022 the publisher first said the book would not be published.

Hi, thanks for tagging us. This book is not being published. We’re working with retailers to update their website data.

— Wiley (@WileyGlobal) November 23, 2022

In June 2022, the crypto lender Celsius paused withdrawals, exchanges and transfers between accounts. A month later the platform filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The company’s liabilities exceeded its assets by $2.85 billion.

In September, Alex Mashinsky left the post of Celsius CEO.

In early 2023, the New York Attorney General charged Mashinsky with defrauding investors “billions of dollars”.