Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges

Q: How long will it take to read this news story?

The story "Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges" has 473 words across 32 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges" was covered 18 hours ago by Bitcoinist, a news publisher based in Hungary.

Q: How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news. The outlet is headquartered in Hungary and publishes an average of 11 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24121871</li><li>URL: https://beamstart.com/news/celsius-founder-alexander-mashinsky-pleads-1733327</li></ul>

Bitcoinist 18h ago

Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges - Bitcoinist

Quick Summary:

Alexander Mashinsky, the former CEO of the now-bankrupt cryptocurrency lender Celsius, has pleaded guilty to two counts of fraud, facing a potential maximum sentence of 30 years in prison.

This development comes in the wake of multiple charges filed by the US Department of Justice (DOJ), which originally accused him of seven counts related to fraud, conspiracy, and market manipulation.

However, as the company faced mounting financial pressures, Mashinsky continued to assure clients of its stability, even as he withdrew significant personal assets from the platform.