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Former Celsius CEO Alex Mashinsky Sentenced to 12 Years for Crypto Fraud: Full Analysis

Alex Mashinsky, the founder and former CEO of cryptocurrency lending platform Celsius Network, has been sentenced to 12 years in prison for defrauding investors and customers out of billions of dollars. The sentence was handed down by U.S. District Judge John Koeltl in Manhattan’s Southern District of New York on Thursday, May 8, 2025.

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