Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case
1. Alex Mashinsky was sentenced to 12 years for fraud related to Celsius. 2. Celsius reached a $4.7 billion FTC settlement amid ongoing bankruptcy proceedings. 3. The fraud scheme alleged massive misrepresentation of Celsius's yield-generating platform. 4. Mashinsky's downfall parallels other crypto executives involved in major scandals. 5. Celsius has recently emerged from bankruptcy, affecting its operational recovery.