Celsius

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 the Celsius Network, has been sentenced to 12 years in prison for defrauding customers and manipulating the value of CEL tokens. His actions, which siphoned over $48 million from investors, come to light as regulatory scrutiny in the crypto space intensifies.