Celsius Network founder Alex Mashinsky gets 12 years of imprisonment for crypto fraud

Alex Mashinsky, the founder and former CEO of Celsius Network, has been sentenced to 12 years in prison for crypto fraud. He pleaded guilty to securities and commodities fraud, with prosecutors stating he misled customers and artificially inflated Celsius's cryptocurrency value. In addition to the prison sentence, Mashinsky faces supervised release and forfeiture of $48.4 million.

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