Alex Mashinsky of cryptocurrency firm Celsius Network sentenced to 12 years

Founder and former CEO of bankruptcy lender pleaded guilty in December to securities and commodities fraud

Alex Mashinsky, the founder and former chief executive of the cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud.

Mashinsky’s sentence was imposed by US District Judge John Koeltl in Manhattan, and is among the longest in a criminal case arising from the 2022 meltdown in cryptocurrency markets.

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