PANews May 9th news, according to Inner City Press, a judge in the Southern District of New York sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for charges including commodity fraud and manipulating the platform token CEL price. Prosecutors indicated he orchestrated 'one of the largest fraud cases in the crypto industry,' involving an amount of $590 million. Mashinsky admitted to misleading users during a live broadcast, and his defense request for only a 366-day sentence was not accepted. In addition, he is required to pay $48 million and forfeit nine assets, and must report to prison by September 12th of this year.