According to ChainCatcher and Cointelegraph, federal prosecutors have submitted over 200 victim statements to the Manhattan Federal Court, accusing Celsius Network founder and former CEO Alex Mashinsky. These statements detail the economic losses and life impacts suffered by users due to Celsius's collapse. Mashinsky pleaded guilty in December 2023 to one count of commodity fraud and one count of securities fraud, facing up to 30 years in prison. While most victims are requesting the maximum sentence, a few are calling for leniency. Mashinsky's sentencing is scheduled for May 8, with his defense team requesting no more than 366 days of imprisonment.
U.S. prosecutors file more than 200 victim statements against former Celsius CEO
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