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Feds Demand 20 Years for Celsius CEO Mashinsky—Another Crypto ’Visionary’ Faces the Music
Feds Demand 20 Years for Celsius CEO Mashinsky—Another Crypto ’Visionary’ Faces the Music
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U.S. prosecutors are pushing for a two-decade prison sentence for Alex Mashinsky, the disgraced founder of collapsed crypto lender Celsius—because nothing says ’financial innovation’ like an orange jumpsuit.
The fallen crypto kingpin faces charges including securities fraud and market manipulation, with regulators alleging he bilked investors out of billions while playing fast and loose with customer funds. Sound familiar? *cough* Bankers *cough*.
Mashinsky’s downfall marks yet another cautionary tale in the crypto Wild West—where ’disruptors’ often disrupt little besides their own freedom.
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