Alex Mashinsky, founder of the bankrupt crypto firm Celsius, was sentenced to 12 years in prison after pleading guilty to fraud charges linked to the company's downfall.
Alex Mashinsky, the founder of Celsius Network, has been sentenced to 12 years in prison for defrauding customers and misusing their funds. This case highlights ongoing regulatory scrutiny in the crypto industry, emphasizing the importance of transparency and security in digital asset investments.