I don't get this reference.
Discussion
Alex Mashinsky, former CEO of Celsius, famously said that self custody was more risky than using a custodian. He offered yield as a custodian and blew up. He’s now imprisoned for 12 years.
So when there a “cluster” of people all saying things like that and offering custodial yield, I’d call that the “Mashinsky Moment”, which could be used instead of the Minsky Moment. https://en.m.wikipedia.org/wiki/Minsky_moment
😂
TIL. 🤝
