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What will be the outcome of Alex Mashinsky's appeal by December 31, 2025?
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Story
Former Celsius CEO Alex Mashinsky Pleads Guilty to Fraud in Manipulating CEL Token
Dec 3, 2024, 08:42 PM
Alex Mashinsky, the founder and former CEO of Celsius Network, has pleaded guilty to counts 2 and 5 of his indictment—commodities fraud and a fraudulent scheme to manipulate the price of Celsius's CEL token—in a Manhattan federal court. As part of a plea agreement dated December 2, Mashinsky admitted to lying to the public about the safety of the tokens and manipulating their price to attract customers, resulting in $42 million in personal profits. He was arrested in July 2023 alongside former chief revenue officer Roni Cohen-Pavon. Mashinsky faces a maximum sentence of 30 years in prison, with sentencing scheduled for April 8, 2025, at 11:30 AM.
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