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Former Celsius Network CEO Alex Mashinsky is scheduled to be sentenced on May 8, 2025, following his guilty plea to two federal criminal charges related to fraud and market manipulation.
The sentencing will be held in a Manhattan federal court, where US prosecutors have outlined a case against Mashinsky that spans years of alleged misconduct involving Celsius’s operations and the firm’s native token.
Hundreds of Victim Statements Submitted Ahead of Sentencing
Mashinsky entered a guilty plea in December 2024 to one count of commodities fraud and one count of price manipulation. Initially facing multiple charges, including securities fraud and
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