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Federal prosecutors asked the court to impose a 20-year prison sentence to former Celsius CEO Alex Mashinsky to reflect the gravity of his crimes and to serve as a deterrent
Alex Mashinsky, former Celsius Network CEO was arrested in 2023 after allegedly defrauding customers and misleading them about Celsius Network’s financial health
Alex Mashinsky’s actions were described by prosecutors as “deliberate” and “calculated,” causing significant harm to thousands of victims while refusing to accept responsibility
Alex Mashinsky was initially indicted on seven criminal charges, including securities fraud, wire fraud, and a scheme to manipulate the CEL token price

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Former Celsius CEO sentenced to 12 years in prison

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