Alex Mashinsky Challenges 20-Year Sentence in Celsius Case

Alex Mashinsky, founder and former CEO of the defunct crypto lender Celsius, is fighting a proposed 20-year prison sentence recommended by the U.S. Department of Justice (DOJ). The DOJ claims Mashinsky misled customers and profited from manipulating the platform’s token during Celsius’ collapse. If the court accepts this recommendation, Mashinsky would be nearly 80 years old upon release. His legal team is challenging the sentence with a request for a maximum of 366 days in prison. They argue that the DOJ hasn’t adequately considered Mashinsky’s nonviolent status and clean business record over his three-decade career.