The post Celsius Founder Faces 20 Years for $4.7B Crypto Fraud, Says DOJ appeared first on Coinpedia Fintech News
The U.S. Department of Justice is pushing for a 20-year prison sentence for Celsius founder Alex Mashinsky. Prosecutors allege that Mashinsky orchestrated a deliberate fraud that led to $4.7 billion in user losses. The DOJ claims he misled investors about the safety and profitability of Celsius’s operations, contributing to one of the crypto industry’s biggest collapses. This sentencing request marks a major step in holding crypto executives accountable amid increasing scrutiny of the digital asset sector.