Mashinsky Sentenced to 12 Years in Prison: Trump Era Signals Strong Crypto Enforcement

Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for fraud. His legal team sought a lighter sentence, highlighting his clean record and military service, but prosecutors advocated for a 20-year term. The sentencing comes amid high-profile pardons by President Trump for crypto executives, suggesting the US Department of Justice will hold crypto fraudsters accountable regardless of technology or industry. The DOJ’s position underscores that retail investors were targeted in Mashinsky’s scheme.