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DOJ Asks for 20-Year Prison Sentence for Former Celsius CEO Alex Mashinsky

Prosecutors want major jail time for the former leader of the embattled lender. Mashinsky has already pleaded guilty to fraud.
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Apr 29, 2025 • 1 min read

Prosecutors are pushing for a 20-year prison sentence for former Celsius CEO Alex Mashinsky citing the 'continuing danger he poses' after his conviction for defrauding Celsius customers.

What’s the Scoop?

  • Harsh Sentence Requested: Prosecutors are urging the court to impose a 20-year prison sentence for former Celsius CEO Alex Mashinsky due to the 'continuing danger he poses' and the severity of his actions.
  • Criminal Charges: Mashinsky was convicted of defrauding Celsius customers and mismanaging funds to the detriment of users and creditors.
  • Legal Precedent: This case marks one of the most high-profile crypto-related fraud charges, signaling increased scrutiny on executives in the sector.

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