Celsius founder Alex Mashinsky receives 12-year sentence for “unbank yourself” fraud.
After the incident unfolded, the victim reported feeling unwelcome from Masski and his family, even amid threats of violence and potential public disgrace. Some victims suggested that Masski was aware he would face financial losses yet still encouraged them to invest more, right as things were falling apart. In a victim statement submitted to U.S. […]
Celsius founder Alex Mashinsky sentenced to 12 years in prison
Alex Mashinsky, the founder of Celsius, has been sentenced to 12 years in prison due to his involvement in manipulating Celsius tokens. Interestingly, he will begin serving his sentence only after his daughter’s wedding. According to reports from the Inner City Press, Judge Koeltl not only sentenced Mashinsky but also ordered the confiscation of $48 […]
Crypto leader Alex Mashinsky receives a 12-year prison sentence for Celsius fraud.
Alex Masski, the founder and former CEO of Celsius Network, which recently went bankrupt, received a 12-year prison sentence on Thursday after admitting to securities and product fraud back in December. This sentence was handed down by US District Judge John Cortre in Manhattan and marks one of the most prolonged criminal cases linked to […]
Celsius CEO Alex Mashinsky given a 12-year sentence for a multi-billion-dollar cryptocurrency fraud.
Alex Mashinsky Sentenced for Fraud On May 8, 2025, former Celsius Network CEO Alex Mashinsky was sentenced to 12 years in prison after pleading guilty to two counts of fraud. Once considered a key player, his fall illustrates a significant shift in the cryptocurrency landscape. During the proceedings in Manhattan, Mashinsky faced Judge John G. […]
Celsius founder Alex Mashinsky pleads guilty to 2 fraud counts
alex mashinskyThe founder and former CEO of crypto lending company Celsius Network pleaded guilty on Tuesday to two counts of fraud. Mashinsky, 59, was indicted on July 13, 2023, on seven counts of fraud, conspiracy, and market manipulation. Federal prosecutors in Manhattan have alleged that Celsius deceived customers into investing and artificially inflated the value […]
Alex Mashinsky: founder of bankrupt crypto firm to plead guilty to fraud | Cryptocurrencies
Alex Mashinsky, the founder of bankrupt cryptocurrency finance company Celsius Network, said Tuesday he intends to plead guilty to two counts of fraud. The former CEO, 59, was indicted in July last year on seven counts of fraud, conspiracy and market manipulation. Federal prosecutors in Manhattan have alleged that Celsius deceived customers into investing and […]