Celsius founder Alex Mashinsky sentenced to 12 years in prison

the Dog accused Machinsky With securities fraud in 2023, he accused him of distorting the works of Malaysius and financial. Mashinsky also artificially claimed the price of the premium code for the platform, CEL, by “spending hundreds of millions on its purchase in the open market.” Mashinski acknowledged that he is guilty On charge of securities and the charge of fraud on goods last December.
“Alexander Machinski targeted retail investors with promises that he would maintain their” digital assets “safer than the bank, in fact, he used these assets to put in risk -fraught bets and to dedicate his own pockets,” American lawyer Jay Clayton said in the press statement. “In the end, Mashinsky made tens of millions of dollars while his customers lost billions.”