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Celsius Founder Gets 12-Year Slammer: Crypto’s ’Trust Us’ Era Takes Another Hit

Celsius Founder Gets 12-Year Slammer: Crypto’s ’Trust Us’ Era Takes Another Hit

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-05-08 19:42:08
0

Celsius Founder Alex Mashinsky Sentenced to 12 Years in Prison for Fraud

Crypto’s golden boy turned jailbird—Alex Mashinsky’s fraud sentence delivers another reality check for the ’decentralized’ faithful.

Once hailed as a disruptor, the Celsius founder now joins the growing roster of crypto executives who treated customer funds like personal venture capital. The judge’s gavel cuts through the usual ’rogue employee’ excuses—turns out losing billions requires actual accountability.

Bonus cynicism: At least traditional banks wait until after the bailout to laugh all the way to... well, you know.

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