Demand for Life Sentence in Celsius Crypto Case

Celsius Network founder Alex Mashinsky faces demands for a life sentence from victims who claim he devastated lives. Over 200 impact statements submitted to Judge John G. Koeltl ahead of Mashinsky's sentencing on May 8 express the need for severe punishment. Investors like Brandon Lawrence, who lost 1.5 Bitcoin, compare Mashinsky to Bernie Madoff and call for lifelong incarceration. Mashinsky admitted guilt to misleading customers and manipulating CEL token prices. Victims stress the importance of restoring faith in justice. Mashinsky's downfall amid the 2022 crypto winter led to Celsius's bankruptcy and legal troubles. Despite facing serious charges, Mashinsky seeks leniency and has postponed sentencing. His defense team includes prominent attorneys. The case highlights the consequences of financial misconduct in the crypto industry. Read more AI-generated news on: https://app.chaingpt.org/news