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Founder of crypto platform Celsius Network is sentenced to 12 years in prison

U.S. Attorney Jay Clayton said Mashinsky “made tens of millions of dollars while his customers lost billions.”

FILE – Alexander Mashinsky, founder and former chief executive of the failed cryptocurrency lending platform Celsius Network, leaves Manhattan federal court with his legal team, Tuesday, July 25, 2023, in New York. (AP Photo/John Minchillo, File)
FILE – Alexander Mashinsky, founder and former chief executive of the failed cryptocurrency lending platform Celsius Network, leaves Manhattan federal court with his legal team, Tuesday, July 25, 2023, in New York. (AP Photo/John Minchillo, File)
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UPDATED:

Alexander Mashinsky admitted to misleading customers by promising their investments were safe.

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