Loading...
Market
Length of Alex Mashinsky's prison sentence on April 8, 2025
3
Resolution / Starting Odds
Less than 10 years • 25%
10 to 19 years • 25%
20 to 29 years • 25%
30 years or more • 25%
The official sentencing report from the Manhattan federal court
Story
Ex-Celsius CEO Alex Mashinsky Pleads Guilty to Fraud, Faces Up to 30 Years in Prison
Dec 3, 2024, 09:15 PM
Alex Mashinsky, the founder and former CEO of cryptocurrency lending platform Celsius Network, has pleaded guilty to two counts of fraud in a Manhattan federal court. On Tuesday, Mashinsky admitted to counts 2 and 5, including commodities fraud and a scheme to manipulate the price of the Celsius (CEL) token to attract customers, leading to personal profits of $42 million. The plea agreement, dated December 2, indicates that Mashinsky has waived his right to appeal any sentence below the 30-year guideline. Sentencing is scheduled for April 8, 2025, at 11:30 AM. Celsius Network collapsed in July 2022 after it was unable to meet customer withdrawal demands.
View original story
Similar markets
Less than 5 years • 25%
5 to 9 years • 25%
10 to 19 years • 25%
20 years or more • 25%
Less than 5 years • 25%
5 to 10 years • 25%
More than 10 years • 25%
No prison time • 25%
Convicted • 25%
Acquitted • 25%
Mistrial • 25%
Plea Deal • 25%
Conviction upheld • 25%
Conviction overturned • 25%
Sentence reduced • 25%
Appeal withdrawn • 25%
Less than 10 years • 25%
10 to 20 years • 25%
20 to 30 years • 25%
30 years or more • 25%
Less than 10 years • 25%
10 to 20 years • 25%
21 years • 25%
More than 21 years • 25%