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Celsius CEO Mashinsky stares down 20-year sentence in $4.7B crypto fraud case

Celsius CEO Mashinsky stares down 20-year sentence in $4.7B crypto fraud case

cryptonewsT
Author:
cryptonewsT
Release Time:
2025-04-29 10:25:49
0

Celsius’ Mashinsky faces 20 years behind bars in multi-billion 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?

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