Celsius Founder Alex Mashinsky Gets 12-Year Prison Sentence For Securities and Commodities Fraud
Posted On May 9, 2025
Alex Mashinsky, the founder and former CEO of the now-collapsed cryptocurrency lender Celsius Network, was sentenced to a 12-year prison term for securities and commodities fraud on Thursday.
What Happened: The sentencing was delivered by U.S. District Judge John Koeltl in Manhattan, according to a Reuters report. Federal prosecutors charged Mashinsky with deceiving customers about the safety of Celsius and artificially boosting the value of the exchange’s native token, Celsius (CRYPTO: CEL).
The prosecution had pushed for a minimum 20-year prison term, claiming it was a “just punishment” for Mashinsky’s actions that caused thousands of victims and led to …
About The Author
