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Tag: Crypto Fraud

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Former Celsius CEO Alex Mashinsky Handed 12-Year Prison Sentence For Multi-Billion-Dollar Crypto Fraud
Alex Mashinsky, founder of the collapsed crypto lender Celsius Network, was slapped with a 12-year prison sentence on May 8 for crypto-related fraud.

Mashinsky’s legal team sought a light prison sentence of one year and a day. They pointed to… Read full article
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Celsius Network Founder Sentenced to 12 Years for Crypto Fraud
Celsius founder Alex Mashinsky sentenced to 12 years for crypto fraud.


Celsius collapsed in 2022 with $1.19B deficit and 4.7B in user funds frozen.


Mashinsky faked CEL token value using customer deposits and made $48M.

Alex Mashinsky, the founder and… Read full article
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12 Years Behind Bars: Former Celsius CEO Sentenced for Crypto Fraud
Alex Mashinsky, the former chief executive of defunct crypto lending platform Celsius, has been sentenced to 12 years in prison for his role in a sweeping fraud that contributed to the platform’s collapse and inflicted billions in losses on investors. … Read full article
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Celsius Founder Alex Mashinsky Sentenced to 12 Years for Crypto Fraud
The sentencing was delivered Thursday by U.S. District Judge John Koeltl in Manhattan. Mashinsky had pleaded guilty in December to multiple fraud-related charges. Federal prosecutors, who had sought a 20-year term, described the 59-year-old executive as “unrepentant.”
Celsius Network collapsed… Read full article
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