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Former Celsius CEO Alexander Mashinsky has been sentenced to 12 years in prison after pleading guilty to fraud charges. The case highlights the ongoing crackdown on misconduct in the cryptocurrency industry.
- Mashinsky admitted to fraud and CEL token manipulation, leading to a 12-year prison sentence.
- Celsius agreed to a $4.7 billion FTC settlement, pending asset returns in bankruptcy.
- The case reflects wider regulatory scrutiny of crypto executives, including SBF and CZ.
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