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BTCC / BTCC Square / Global Cryptocurrency /
Celsius Victims Flood Court with 200+ Pleas as Mashinsky Faces Sentencing

Celsius Victims Flood Court with 200+ Pleas as Mashinsky Faces Sentencing

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-24 17:58:02
0

More than 200 victim impact statements have been submitted to a Manhattan federal court ahead of the sentencing of Alex Mashinsky, founder of the collapsed crypto lender Celsius Network. The documents, spanning over 400 pages, detail the financial and emotional toll on customers who trusted the platform’s now-debunked safety claims.

Mashinsky, who admitted to fraud, is seeking leniency ahead of his May 8 sentencing. Meanwhile, the Department of Justice is considering new rules to prevent unfair payouts in crypto bankruptcies, as clawback lawsuits compound the misery for Celsius victims.

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