Celsius Founder Sentenced to 12 Years for Crypto Fraud

Rob Quinn with Newser.AI • May 10, 2025

Celsius Network founder Alexander Mashinsky was sentenced Thursday to 12 years in prison for defrauding customers out of millions of dollars in a crypto lending scheme that collapsed in 2022 . US District Judge John G. Koeltl described the crimes as "extremel…

Celsius, once pitched as a safe place for investors to earn interest on crypto assets, filed for bankruptcy after risky financial moves involving some $20 billion in customer deposits came to light. … [+915 chars]

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Celsius Founder Sentenced to 12 Years for Crypto Fraud

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