Celsius CEO Mashinsky stares down 20-year sentence in $4.7B crypto fraud case
Another ’stable’ crypto project collapses under the weight of its own hubris. The DOJ alleges Mashinsky misled investors while secretly cashing out—because what’s decentralized finance without a centralized exit strategy?
Prosecutors claim Celsius was a Ponzi wrapped in DeFi buzzwords. Investors bought the hype; Mashinsky bought a one-way ticket to Club Fed.
Bonus jab: Turns out ’yield farming’ just meant harvesting retirees’ life savings. Who could’ve predicted that?