Celsius founder Alex Mashinsky sentenced to 12 years for “unbank yourself” scam

Alex Mashinsky, the former founder of Celsius Network, faces 12 years in prison after pleading guilty to securities and commodities fraud for deceiving investors by artificially inflating token values while profiting massively himself. His actions led to his company's bankruptcy, with customers left questioning its legitimacy, while regulators Seeking to shut down the platform following a $4.7 billion settlement over massive user losses from his fraudulent practices.