Alex Mashinsky, the former CEO of cryptocurrency lender Celsius Network, was sentenced today to 12 years in prison for defrauding customers and manipulating the price of the platform’s native token, CEL. In December 2024, Mashinsky pleaded guilty to one count of commodities fraud and one count of securities fraud, admitting to misleading investors about Celsius’s financial health and secretly selling his CEL holdings for personal gain. As part of his plea agreement, he agreed to forfeit $48 million in proceeds from the fraudulent schemes. Prosecutors had sought a 20-year sentence, arguing that Mashinsky’s actions caused nearly $7 billion in losses and devastated thousands of customers. Mashinsky’s defense team requested a sentence of just over one year, describing the government’s proposal as a “death-in-prison” punishment for the 59-year-old first-time, nonviolent offender.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。