Celsius Founder Sentenced to 12 Years for Defrauding Crypto Investors
Alexander Mashinsky, founder and former CEO of collapsed crypto lending platform Celsius Network, has been sentenced to 12 years in federal prison for defrauding customers out of billions by misrepresenting the safety of their investments. A U.S. District Court in Manhattan handed down the sentence on Thursday, with Judge John G. Koeltl describing Mashinsky’s conduct…