Alex Mashinsky, the founder of cryptocurrency lender Celsius Network, was ordered to spend 12 years in prison for defrauding hundreds of thousands of customers lured by his firm’s high interest ...

Prosecutors Demanded 20 Years, Calling Mashinsky's Actions Deliberate and Dishonest Mashinsky, 59, pleaded guilty in December to two counts of fraud.

Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud, a dramatic fall for the leader of a company ...

Mashinsky, once celebrated as a visionary behind Celsius Network—a platform touted as a safer alternative to traditional banking —pleaded guilty to two counts of fraud in December 2024.