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BTCC / BTCC Square / Global Cryptocurrency /
Celsius Founder Alex Mashinsky Sentenced to 12 Years for Fraud

Celsius Founder Alex Mashinsky Sentenced to 12 Years for Fraud

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-08 21:02:02
0

Alex Mashinsky, founder of the collapsed crypto lending platform Celsius Network, received a 12-year prison sentence for fraud in a New York federal court. The sentence reflects a middle ground between prosecution and defense requests, marking a significant chapter in the aftermath of Celsius’ 2022 bankruptcy.

Mashinsky misled investors about deposit safety, falsely claiming regulatory approval and concealing uncollateralized loans. His manipulation of CEL tokens while publicly promoting the platform underscored the deception. The case highlights growing regulatory scrutiny of crypto lending practices.

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