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Celsius Network founder sentenced in US to 12 years in prison for fraud

( May 8, 2025, 20:34 GMT | Official Statement) -- MLex Summary: Alexander Mashinsky, founder and former chief executive of Celsius Network LLC and its affiliated entities, was sentenced today to 12 years in prison for committing commodities fraud and securities fraud. Mashinsky and others orchestrated a yearslong scheme to mislead customers about Celsius’s proprietary crypto token CEL and repeatedly made false public statements about Celsius’s market activity and role in supporting and inflating CEL, prosecutors said.Statement follows below:...

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