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Former Celsius CEO Alex Mashinsky has been sentenced to 12 years in prison for fraud, while a crypto analyst predicts Bitcoin could surge to $160,000. The case highlights the legal risks in the crypto industry.
- Alex Mashinsky received a 12-year prison sentence for fraud related to Celsius' collapse.
- Prosecutors initially pushed for a 20-year sentence, but betting markets favored a lighter penalty.
- A crypto analyst predicts Bitcoin could surge to $160,000, reflecting bullish market sentiment.
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