Federal prosecutors in Manhattan accused Mashinsky and Celsius' former chief revenue officer, Roni Cohen-Pavon, with manipulating the market for the company's crypto token, known as Cel. Cohen-Pavon pleaded guilty in September 2023 and agreed to cooperate with prosecutors' investigation.

Alex Mashinsky, the founder and one-time CEO of bankrupt crypto lending platform Celsius Network, pleaded guilty to two counts of fraud on Tuesday afternoon, according to reports from Reuters and Inner City Press. He has reportedly agreed to a maximum sentencing guideline of 360 months, or 30 years, in prison.

Alex Mashinsky, the founder and former CEO of defunct cryptocurrency lender Celsius Network, pleaded guilty to two counts of fraud on Tuesday in one of the highest-profile criminal cases to emerge from the 2022 collapse of the crypto markets.

Alex Mashinsky, the charismatic co-founder of crypto lender Celsius Network, will plead guilty to two counts of fraud in one of the last cases stemming from the widespread upheaval that shook digital currencies two years ago.

Former Celsius CEO Alex Mashinsky has pleaded guilty to two criminal charges, including commodities fraud and a fraudulent scheme to manipulate the price of Celsius’ native token, CEL.

Celsius Founder Alex Mashinsky agrees to plead guilty to fraud charges related to misleading investors and market manipulation of Cel tokens.

Alex Mashinsky plans to plead guilty in the Celsius fraud case, facing charges of fraud and market manipulation after the firm's bankruptcy.

Alex Mashinsky, the founder of collapsed cryptocurrency lender Celsius Network, pleaded guilty on Tuesday in a criminal case alleging that he misled investors about the company’s financial condition and used customer funds to manipulate the value of a digital token it issued.

Alex Mashinsky, the founder and former CEO of cryptocurrency lender Celsius Network, pleaded guilty on Tuesday to two counts of fraud. Mashinsky, 59, was indicted on

Alex Mashinsky, the founder and former CEO of cryptocurrency lender Celsius Network, said on Tuesday he intends to plead guilty to two counts of fraud.