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A US judge sentences Celsius founder and former CEO Alex Mashinsky to 12 years in prison, after he pleaded guilty to commodities fraud and misleading investors

Chris Dolmetsch / Bloomberg :

Bloomberg Chris Dolmetsch

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Discussion

  • @quinnypig.com Corey Quinn on bluesky
    So President Grifter will have him pardoned and home by dinnertime.  [embedded post]
  • @jojocryo @jojocryo on x
    This man deceived so many of my friends. If it hadn't been for @RichardHeartWin's warning to pull my funds, I would have lost everything I had in Celsius, just like many of them did. The wildest part? He was out there calling Richard the scammer. I never take pleasure in seeing
  • @scrubings @scrubings on x
    @WatcherGuru I'm a Celsius Victim: Alex Mashinsky and his wife should rot in jail. They got a light sentence for all the pain and suffering I've seen. Happy to see justice served though.
  • @cryptohunter0x @cryptohunter0x on x
    BREAKING: Alex Mashinsky has been sentenced to 12 years in prison. While he and his wife were dumping their assets as Celsius imploded, Alex was telling customers their funds were safe. Today, Celsius creditors finally get to see some justice for the man responsible for billions
  • @molly0xfff Molly White on x
    Alex Mashinsky has been sentenced to twelve years in prison for his Celsius fraud, which culminated in the mid-2022 collapse of his US-based cryptocurrency lending firm with customers suffering losses of more than half a billion dollars.
  • @masinvestpedia @masinvestpedia on x
    @WatcherGuru Celsius attracted billions by marketing itself as a safe, high-yield alternative to banks, but it was financially unstable. Mashinsky misled investors, manipulated the price of Celsius's CEL token using customer funds, and secretly cashed out around $48 million.
  • @tomasgreif Tomas Greif on x
    Is that enough? So many people lost money with Celsius and there are still thousands being dragged through bankruptcy process. He should never be allowed to run any company again.