Celsius founder Alex Mashinsky sentenced to 12 years in prison for securities fraud

From Yahoo Finance: 2025-05-08 16:49:00

Alex Mashinsky, founder of Celsius Network, sentenced to 12 years in prison for securities and commodities fraud. He misled customers and inflated Cel token value. Prosecutors sought 20 years, citing billions in losses. Mashinsky sought 1 year. Hoboken-based Celsius filed for bankruptcy in 2022. Mashinsky faces civil lawsuits from multiple agencies.



Read more at Yahoo Finance: Celsius founder Alex Mashinsky gets 12 years prison for crypto fraud