Former Celsius CEO Alex Mashinsky Faces Sentencing in May Amid Fraud Charges

Alex Mashinsky, the former CEO of Celsius Network, is set to be sentenced on May 8, 2025, after pleading guilty to two federal criminal charges—commodities fraud and price manipulation. The sentencing will take place in a Manhattan federal court, where prosecutors have built a case alleging years of misconduct tied to Celsius’s operations and its native token.

Over 200 victim statements have been submitted ahead of the sentencing, underscoring the widespread impact of Mashinsky’s actions. Originally facing additional charges, including securities fraud and wire fraud, his sentencing was postponed from April 8 to allow his legal team to present further evidence.

Mashinsky now risks a substantial prison term as the court weighs the severity of his offenses. The case highlights the regulatory scrutiny facing crypto executives and the growing demand for accountability in the industry.