Crypto Victims Demand Life Sentence Mashinsky

Alex Mashinsky Faces Calls for Life Sentence from Celsius Victims

• Over 200 victim impact statements submitted to U.S. District Judge John G. Koeltl.
• Mashinsky pleaded guilty to two felony counts, including misleading customers.
• Celsius froze withdrawals in June 2022, trapping $4.7 billion in customer assets.
• Mashinsky was initially indicted on seven criminal charges, including wire fraud.
• Sentencing postponed from April 8 to May 8 at Mashinsky’s request.

Victims of Celsius Network founder Alex Mashinsky are demanding a life sentence after he pleaded guilty to misleading customers and manipulating the price of CEL tokens. The court has postponed his sentencing to May 8, with over $4.7 billion in customer assets frozen since June 2022.