Former cryptocurrency evangelist Alex Mashinsky was sentenced to 12 years in prison on Thursday after pleading guilty to fraud in connection with the multibillion-dollar collapse of his firm, Celsius ...
Alex Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on May 8, 2025, for orchestrating a massive fraud scheme that defrauded investors of billions. The sentencing, ...
Celsius customers have told CNBC they were drawn in by a 17% yield the company was offering on crypto deposits. Behind the scenes, Celsius would lend that money out to hedge funds and others willing ...
Mashinsky's sentencing follows a $4.7 billion FTC settlement with Celsius Network. He joins a line of other former crypto execs who have been convicted of fraud. FTX founder Sam Bankman-Fried, who’s ...
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