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US prosecutors file over 200 victim statements in Celsius ex-CEO’s case

Coin Telegraph LogoCoin Telegraph13h ago

US prosecutors file over 200 victim statements in Celsius ex-CEO’s case - Coin Telegraph

Quick Summary:

Related: US prosecutors to pursue ex-SafeMoon CEO case despite DOJ memoOne statement, written by a person identifying themselves as “Mike,” said further punishing Mashinsky would be “unreasonably excessive” as he claimed, without evidence, that the Celsius founder “was the target of a coordinated attack” by Sam Bankman-Fried, a convicted fraudster and former CEO of the collapsed crypto exchange FTX.

US federal prosecutors have filed statements from hundreds of victims in their case against Alex Mashinsky, the founder and former CEO of the defunct crypto lender Celsius Network.

The Justice Department hit Mashinsky with seven charges a year later in July 2023, but he took a plea deal and copped to a count each of commodities and securities fraud in December, which carry a maximum sentence of 30 years in prison if served consecutively.

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Article Details

Author / Journalist: Cointelegraph by Jesse Coghlan

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 06:57:05 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28184513

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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