Founder and former CEO of the bankrupt cryptocurrency lending platform Celsius Network Alex Mashinsky received a sentence in the form of 12 years in prison. In late 2024, he pleaded guilty to fraud. Federal prosecutors said that Mashinsky, 59, deliberately misled customers about the security of Celsius and artificially inflated the value of the…

The founder and former CEO of the bankrupt cryptocurrency lending platform Celsius Network could be jailed for 20 years for lying and malfeasance. Alexander Mashinsky, now 59 years old, assured thousands of his company’s clients that their money was safe and secure. This encouraged them to invest $20 billion in Celsius. And in 2022 the…