Over 200 Victims Speak Out in Mashinsky Sentencing Preparation

As the sentencing date for Alex Mashinsky approaches, US federal prosecutors have released a trove of emotional victim statements highlighting the devastating human impact of the Celsius Network collapse. These testimonies could significantly influence the judge’s final decision. Over 200 victims impacted by the platform’s failure submitted their accounts to the court. The documents detail not just financial losses but also significant emotional distress caused by this sudden and unexpected downfall. Many investors who trusted Mashinsky’s assurances of security were left reeling when Celsius froze withdrawals, leading to bankruptcy in July 2022. }