Breaking: Celsius Founder Alex Mashinsky Hit With a 12-Year Prison Sentence for Crypto Fraud

The post Breaking: Celsius Founder Alex Mashinsky Hit With a 12-Year Prison Sentence for Crypto Fraud appeared first on Coinpedia Fintech News

Mashinsky was charged with misleading investors and customers about Celsius operations.  Restructuring of Celsius protocol under a creditor-owned Bitcoin mining has been ongoing. Alex Mashinsky, the founder and former CEO of defund lending protocol Celsius (CEL), was sentenced to a 12-year prison term on Thursday, May 8. The United States District Judge John G. Koeltl …