Coinspeaker
Former Celsius CEO Alex Mashinsky to Be Sentenced by U.S. Court on May 8 for Fraud and Market Manipulation Charges

Alex Mashinsky, the former CEO of Celsius, is set to be sentenced by a US court on May 8, 2025, after pleading guilty to two criminal counts. Two years ago, he faced accusations of wire fraud, securities fraud, commodities fraud, and multiple counts of market manipulation.

A New York district court filing released on 23 April 2025 has set out the date of sentencing. Initially, the sentencing was meant to happen on April 8 2025, but Mashinsky’s lawyers asked for the delay to give them time to provide additional evidence that might aid his defence.

Based on the charges, Mashinsky could face up to 20 years in prison. This follows his admission to one count of securities fraud and one count of commodities fraud related to Celsius’s native token, CEL.

Mashinsky’s Woes

Federal investigators found that Mashinsky deceived users through two major schemes. The first scheme involved misrepresenting the types of investments Celsius made, as well as its profit and success le...