Ex-Celsius CEO Sentenced: 12 Years Imprisonment Marks Major Crypto Fraud Milestone

Alex Mashinsky, the former CEO of Celsius Network, has been sentenced to 12 years in prison for orchestrating a massive crypto fraud. His actions resulted in a staggering $1.2 billion financial gap and over $48 million in personal profits from manipulating Celsius’s native token price. This high-profile conviction marks a turning point in the fight against cryptocurrency misconduct, underscoring the growing regulatory scrutiny of digital finance.