🚨#Celsius Founder Alex Mashinsky #Sentenced to 12 Years for Crypto #Fraud
🔹Sentenced: Alex Mashinsky, founder of Celsius Network, gets 12 years in prison for defrauding customers.
🔹Charges: Pleaded guilty to commodities fraud & manipulating the price of CEL token.
🔹Impact: Celsius’ bankruptcy in 2022 led to massive investor losses.
🔹Forfeiture: Ordered to forfeit over $48M in gains and nine properties.
🔹Sentence Debate: Initially faced 20 years, but defense sought a reduced sentence due to his nonviolent record.
🔹 Date: Mashinsky to remain free until September 2025 for a family event.