Peter Schiff, a known gold advocate, has drawn parallels between Celsius founder Alex Mashinsky and the infamous Bernie Madoff. After Mashinsky’s recent conviction for fraud that lasted over a decade, Schiff underscores a critical point. He believes the government acted too late for those who fell victim to Mashinsky’s schemes. The fraud case raises significant questions about regulatory oversight in the cryptocurrency sector. Investors are now left wondering how many more Alex Mashinskys may be lurking within this digital age of finance. The notable comparison cannot be ignored, reflecting on the trust and responsibility that founders of crypto platforms hold. Investors and users alike should prioritize security and proper regulatory frameworks to shield themselves from potential fraud.