Alex Mashinsky, former Celsius Network CEO, as part of his sentence for misappropriating customer funds and manipulating the CEL token's price, was ordered to forfeit $48 million and nine properties

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May 7, 2025

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Former Celsius Nework CEO Alex Mashinsky received a 12-year prison sentence on Thursday for misappropriating Celsius customers’ funds and manipulating the price of the lender's token, CEL.
Judge Koeltl sentenced Mashinsky and ordered him to forfeit $48 million and nine properties.

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05/07/2025
Week 19 of 2025

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