U.S. Prosecutors Submit Over 200 Victim Statements Accusing Former Celsius CEO

U.S. federal prosecutors have submitted more than 200 victim statements to the Manhattan federal court accusing Celsius Network founder and former CEO Alex Mashinsky. These statements detail the financial loss and impact on lives caused by the collapse of Celsius. Mashinsky pled guilty in December 2023 to one count of commodities fraud and one count of securities fraud and faces a maximum sentence of 30 years. Most victims are calling for the maximum sentence, although a few are advocating for leniency. Mashinsky's sentencing is scheduled for May 8, and his defense team is requesting a prison term of no more than 366 days.