CEO of company once called 'Bank of crypto industry' sentenced to 12 years in jail
Alexander Mashinsky, the former CEO of Celsius Network, received a 12-year prison sentence for orchestrating a massive fraud scheme. He misled investors about the platform's safety and profitability while secretly liquidating personal holdings. This sentencing adds Mashinsky to the list of crypto executives facing justice, highlighting the risks and regulatory scrutiny in the sector.
Alexander Mashinsky, the former CEO of Celsius Network, received a 12-year prison sentence for orchestrating a massive fraud scheme. He misled investors about the platform's safety and profitability while secretly liquidating personal holdings. This sentencing adds Mashinsky to the list of crypto executives facing justice, highlighting the risks and regulatory scrutiny in the sector.
