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Former Celsius CEO Alex Mashinsky to Be Sentenced by U.S. Court on May 8 for Fraud and Market Manipulation Charges
Former Celsius CEO Alex Mashinsky to Be Sentenced by U.S. Court on May 8 for Fraud and Market Manipulation Charges
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Alex Mashinsky, the former CEO of Celsius, will face sentencing on May 8, 2025, after pleading guilty to two criminal counts. The charges stem from allegations of wire fraud, securities fraud, commodities fraud, and market manipulation dating back two years.
A New York district court filing on April 23 confirmed the sentencing date, which was delayed from its original April 8 slot at the request of Mashinsky’s legal team. The defense sought additional time to gather evidence that could mitigate his sentence.
Mashinsky could receive up to 20 years in prison, marking a significant fall from grace for the once-prominent figure in the crypto lending space. The case underscores the increasing regulatory scrutiny facing crypto executives.
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