It's official! The man who promised financial freedom ended up behind bars. Alex Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison for running a massive fraudulent scheme that deceived thousands of investors.
The justice system in the U.S. punished him for manipulating information and diverting funds while preaching transparency. What was the result? Billions lost and trust shattered.
And it doesn't end here: Mashinsky still faces bankruptcy proceedings and civil lawsuits. The fall is complete.
