Odaily Planet Daily News Celsius founder Alex Mashinsky expressed strong dissatisfaction with the proposed 20-year prison sentence by the U.S. Department of Justice. Previously, Mashinsky had pleaded guilty in December 2024 to commodity fraud and manipulating the price of the CEL token, profiting $48 million from selling tokens before Celsius's collapse. His legal team submitted a response memorandum to the New York District Court on May 5, requesting a reduction of the sentence to less than 366 days, arguing that Mashinsky is a first-time non-violent offender with a 30-year record of impeccable business conduct. Celsius filed for bankruptcy protection in July 2022, with debts of $4.7 billion, affecting the assets of hundreds of thousands of users. (Cointelegraph)