🚨Celsius Founder Alex Mashinsky Sentenced to 12 Years in Prison

The high-profile case of cryptocurrency fraud involving Celsius has finally come to a close. This week, the founder of the crypto lender, Alex Mashinsky, was sentenced to 12 years in prison for his role in the company's bankruptcy, which cost its users billions of dollars.

Mashinsky pleaded guilty to fraud and stealing over $48 million from Celsius. Apparently, for this reason, the sentence was lighter than the 20-year term requested by the Department of Justice. His lawyers referred to the sentence as a "death penalty in prison." They also claimed that Mashinsky never intended to harm clients or steal their money.