Celsius Founder Alex Mashinsky Pleads Guilty to Fraud, Faces 30-Year Sentence
TL;DR
Alex Mashinsky, founder of Celsius Network, has pleaded guilty to two counts of fraud related to misleading customers and manipulating the price of the company's token, CEL. This plea is part of a broader crackdown on crypto executives following the 2022 market slump that led to several company collapses, including Celsius's bankruptcy. Mashinsky admitted to providing false information about regulatory approvals and selling his CEL holdings without disclosure. He faces a maximum sentence of 30 years as part of his plea deal.
- Celsius founder Alex Mashinsky pleads guilty to two fraud counts Al Jazeera English
- Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges The Associated Press
- Ex-Celsius CEO Alex Mashinsky to Plead Guilty in US Fraud Case Bloomberg
- Alex Mashinsky: founder of bankrupt crypto firm to plead guilty to fraud The Guardian
- Former Celsius CEO Alex Mashinsky pleads guilty, agrees to 30 years in prison CryptoSlate
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Read on Al Jazeera English