Celsius Founder Alex Mashinsky Sentenced to 12 Years for Crypto Fraud

  • Alex Mashinsky, former CEO of collapsed crypto lender Celsius Network, has been sentenced to 12 years in prison for orchestrating a massive fraud scheme that led to billions in losses for retail investors. U.S. District Judge John Koeltl described Mashinskys actions as extremely serious, highlighting his repeated lies about Celsius regulatory status, risk exposure, and manipulation of its native CEL token.