The founder of Celsius Network, Alexander Mashinsky, sentenced to 12 years for defrauding cryptographic investors

The founder of Celsius Network, Alexander Mashinsky, sentenced to 12 years for defrauding cryptographic investors

Alexander Mashinsky, founder and former CEO of the Celsius Network cryptocurrency loan platform, has been sentenced to 12 years in a federal prison for orchestrating a large -scale financial fraud scheme that cheated investors and cost many life savings. The sentence was transmitted by the American district judge John G. Koeltl, who said that Mashinsky’s…

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