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Alex Mashinsky, disgraced founder of bankrupt crypto lending firm Celsius, stole $48 million from customers. A landmark case of crypto fraud reached its conclusion. On Thursday, May 8, Celsius founder Alex Mashinsky was sentenced to 12 years in prison for his role in the firm’s bankruptcy, which cost its users billions. According to the prosecution, … Read more
Under the applicable sentencing guidelines, Mashinsky could have faced up to 30 years in prison. But federal judges are required to take into account various additional factors when arriving at a sentence, including the characteristics and personal history of a defendant, the likelihood they might reoffend, and so on. “It’s a complicated patchwork of facts … Read more
In a move raising more eyebrows than sympathy, disgraced Celsius founder Alex Mashinsky has just been granted permission to travel after his sentencing, however, this time not for a business deal, but to walk his daughter down the aisle. The catch? This isn’t your average crypto dad. Mashinsky is awaiting judgment on federal fraud charges … Read more
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