Mashinsky
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đ¨ Celsius Founder Alex Mashinsky Fights Proposed 20-Year Prison Sentence âď¸đĽ
According to ShibDaily, former Celsius CEO Alex Mashinsky is challenging a 20-year sentence recommended by the U.S. Department of Justice (DOJ) for allegedly misleading users and manipulating CEL tokens.
Mashinskyâs legal team is pushing for a lighter sentence of just 366 days, arguing he's a nonviolent, first-time offender with a 30-year clean business record.
Key Points: đš DOJ says Mashinsky earned $48M by dumping CEL tokens before the collapse.
đš Victims say they lost life savings, trusting Celsiusâs promises.
đš Celsius filed for bankruptcy in July 2022, owing $4.7B to creditors.
đš Over $2.5B has since been returned to 251K customers.
Mashinskyâs team calls the 20-year proposal a "death-in-prison sentence" and claims he's being unfairly blamed for Celsiusâs downfall. Meanwhile, the DOJ argues he committed intentional fraud and theft.
đ§ Whatâs your take on this legal battle?
#Mashinsky #Celsius #CryptoNews #DOJ #CryptoRegulation #CryptoScandal #BinanceSquare
According to ShibDaily, former Celsius CEO Alex Mashinsky is challenging a 20-year sentence recommended by the U.S. Department of Justice (DOJ) for allegedly misleading users and manipulating CEL tokens.
Mashinskyâs legal team is pushing for a lighter sentence of just 366 days, arguing he's a nonviolent, first-time offender with a 30-year clean business record.
Key Points: đš DOJ says Mashinsky earned $48M by dumping CEL tokens before the collapse.
đš Victims say they lost life savings, trusting Celsiusâs promises.
đš Celsius filed for bankruptcy in July 2022, owing $4.7B to creditors.
đš Over $2.5B has since been returned to 251K customers.
Mashinskyâs team calls the 20-year proposal a "death-in-prison sentence" and claims he's being unfairly blamed for Celsiusâs downfall. Meanwhile, the DOJ argues he committed intentional fraud and theft.
đ§ Whatâs your take on this legal battle?
#Mashinsky #Celsius #CryptoNews #DOJ #CryptoRegulation #CryptoScandal #BinanceSquare
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