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Former Celsius CEO Alex Mashinsky is set to be sentenced on May 8, 2025, after pleading guilty to fraud and price manipulation charges last year.
What’s the Scoop?
- Guilty Plea on Fraud Charges: Alex Mashinsky pleaded guilty to commodities fraud and price manipulation involving the CEL token in December 2024.
- DOJ Allegations: Mashinsky faced charges of defrauding Celsius customers and lying about the firm’s profitability before its 2022 collapse.
- Scheduled Sentencing: Mashinsky will be sentenced on May 8, 2025, marking a major reckoning in crypto’s turbulent history.
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