Alex Mashinsky, the former CEO of collapsed crypto lender Celsius, will face sentencing on May 8, 2025, after pleading guilty to two federal criminal charges last year.
A New York district court confirmed the new date in a filing on Wednesday.
Mashinsky admitted in December to one count of commodities fraud and another related to a price manipulation scheme involving Celsius’s native token, CEL. These charges carry a potential maximum sentence of 20 years in prison.
Background and Charges
Federal prosecutors originally charged Mashinsky in July 2023 with multiple serious offenses, including securities fraud, wire fraud, and market manipulation. His guilty plea was part of a broader case alleging he misled investors and manipulated CEL’s price while Celsius was still operating.
Sentencing Delay
Mashinsky’s sentencing was initially set for April 8, but his legal team requested additional time to submit further materials for the court’s consideration. The delay was granted, giving attorneys a month to bolster his defense.
The outcome of this sentencing could mark one of the crypto industry’s most high-profile legal resolutions to date. Let me know if you want a visual timeline of the case or a deeper look into the charges.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/former-celsius-ceo-alex-mashinsky-to-be-sentenced-may-8/