Celsius Founder Alex Mashinsky Faces 20 Years in Jail, But CEL Token Soars 70%

Alex Mashinsky faces up to 20 years in jail as the US DoJ (Department of Justice) pursues the Celsius founder and former CEO for orchestrating a years-long campaign of lies and self-dealing. Prosecutors are pushing for such an extreme punishment, citing Mashinsky as an example of the repercussions of crypto misconduct. CEL Token Soars 70% Amid Mashinsky’s 20-Year Sentence Risk The US DoJ issued the request in a sentencing memo filed on Monday, April 28, asking the court for a 20-year jail term for Alex Mashinsky.   The prosecution calls Mashinsky out for “deliberate, calculated” fraud, which resulted in the loss of almost $7 billion in customer funds source: https://beincrypto.com/celsius-network-cel-token-soars-mashinsky-sentence/