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International Business Times
International Business Times
Business

Former Head Of Crypto Platform Celsius Sentenced 12 Years

Celsius CEL Alexander Mashinsky Crypto Cryptocurrency Prison
Founder and former CEO of crypto lender Celsius Alexander Mashinsky has been sentenced to 12 years in prison on fraud charges (Credit: AFP)

The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges.

Mashinsky, 50, pleaded guilty last December to securities fraud in a deal that reduced the level of charges he faced.

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