Alex Mashinsky, founder and former CEO of Celsius Network, was sentenced to 12 years in prison for securities and commodities fraud. He misled customers about the safety of their investments and manipulated the value of Celsius's CEL token, profiting over $48 million. Celsius, once managing $25 billion in assets, collapsed in 2022, leaving many investors unable to access their funds. Despite Mashinsky's plea for leniency, prosecutors sought a harsher sentence, labeling him a fraudster of “epic proportions.” The case underscores the challenges posed by the use of cryptocurrency in financing terrorism, highlighting the need for vigilant monitoring and regulation of digital financial transactions.
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Mkt Cap $2.30T
BTC Dom 56.76 %
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$64,972.00
▲ +1.20%
ETH
$1,915.93
▲ +1.10%
USDT
$0.999502
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BNB
$593.25
▲ +0.30%
USDC
$0.999732
▲ +0.00%
XRP
$1.03
▲ +1.60%
SOL
$74.56
▲ +2.90%
TRX
$0.327369
▼ -0.10%
FIGR_HELOC
$1.02
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HYPE
$54.20
▼ -2.50%
DOGE
$0.070067
▲ +1.70%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012711
▲ +1.20%
LEO
$9.71
▼ -0.40%
ZEC
$507.78
▲ +0.70%
ADA
$0.200738
▲ +0.90%
XMR
$380.55
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WBT
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LINK
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XLM
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DAI
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BCH
$216.80
▲ +1.80%
USD1
$0.999969
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USDE
$0.999681
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GRAM
$1.36
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$64,972.00
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ETH
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USDT
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BNB
$593.25
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USDC
$0.999732
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XRP
$1.03
▲ +1.60%
SOL
$74.56
▲ +2.90%
TRX
$0.327369
▼ -0.10%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.20
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DOGE
$0.070067
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USDS
$0.999878
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RAIN
$0.012711
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LEO
$9.71
▼ -0.40%
ZEC
$507.78
▲ +0.70%
ADA
$0.200738
▲ +0.90%
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$380.55
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WBT
$56.20
▲ +1.10%
LINK
$8.26
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XLM
$0.163316
▲ +2.00%
DAI
$0.999761
▲ +0.00%
BCH
$216.80
▲ +1.80%
USD1
$0.999969
▲ +0.00%
USDE
$0.999681
▲ +0.00%
GRAM
$1.36
▲ +2.60%
Mkt Cap $2.30T
BTC Dom 56.76 %
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$64,972.00
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ETH
$1,915.93
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USDT
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BNB
$593.25
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USDC
$0.999732
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XRP
$1.03
▲ +1.60%
SOL
$74.56
▲ +2.90%
TRX
$0.327369
▼ -0.10%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.20
▼ -2.50%
DOGE
$0.070067
▲ +1.70%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012711
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LEO
$9.71
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ZEC
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ADA
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XMR
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WBT
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LINK
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XLM
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BCH
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USD1
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USDE
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GRAM
$1.36
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