Summary
- A US court has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison.
- Mashinsky, charged with fraud, had previously faced a 20-year sentence request from the prosecution.
- The defense argued for a 1-year sentence, but the court did not accept this.
According to Bloomberg News on the 8th (local time), a US court has sentenced Alex Mashinsky, the former CEO of the cryptocurrency lending company Celsius (CEL), to 12 years in prison on fraud charges.
Previously, the US Department of Justice (DOJ) had sought a 20-year sentence for Mashinsky, while the defense argued that the sentence was excessive and advocated for a maximum of one year in prison.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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