The sentence comes after Mashinsky pleaded guilty in December to commodities and securities fraud in connection to Celsius Network LLC, a crypto asset platform that held $25 billion at its height.

His false claims covered the yield-generating activities of Celsius, and its profitability, the sustainability of high reward rates and the risks connected with depositing crypto assets on the ...

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 ...

Ex-crypto tycoons awaiting judgement The fall of crypto hedge fund Three Arrows Capital, and lenders Voyager Digital and Celsius, can all be traced to the collapse of Kwon’s stablecoin project.

The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges.

Celsius also offered "Custody" and "Borrow" programs, the latter of which allowed customers to get loans by posting their crypto assets as collateral.

AFP AFP May 8, 2025 Updated May 9, 2025 Founder and former CEO of crypto lender Celsius Alexander Mashinsky has been sentenced to 12 years in prison on fraud charges David Dee Delgado ...

The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges. Mashinsky, 50, pleaded guilty ...