Sentenced
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šØ#Celsius Founder Alex Mashinsky #Sentenced to 12 Years for Crypto #Fraud
š¹Sentenced: Alex Mashinsky, founder of Celsius Network, gets 12 years in prison for defrauding customers.
š¹Charges: Pleaded guilty to commodities fraud & manipulating the price of CEL token.
š¹Impact: Celsiusā bankruptcy in 2022 led to massive investor losses.
š¹Forfeiture: Ordered to forfeit over $48M in gains and nine properties.
š¹Sentence Debate: Initially faced 20 years, but defense sought a reduced sentence due to his nonviolent record.
š¹ Date: Mashinsky to remain free until September 2025 for a family event.
- Bloomberg, Protos$BTC $ETH $BNB
š¹Sentenced: Alex Mashinsky, founder of Celsius Network, gets 12 years in prison for defrauding customers.
š¹Charges: Pleaded guilty to commodities fraud & manipulating the price of CEL token.
š¹Impact: Celsiusā bankruptcy in 2022 led to massive investor losses.
š¹Forfeiture: Ordered to forfeit over $48M in gains and nine properties.
š¹Sentence Debate: Initially faced 20 years, but defense sought a reduced sentence due to his nonviolent record.
š¹ Date: Mashinsky to remain free until September 2025 for a family event.
- Bloomberg, Protos$BTC $ETH $BNB
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