While the trust of cryptocurrency is increasing among investors around the world, on the other hand there are many Crypto RIP-off. In such a situation, the former CEO Alex Mashinsky of Crypto Buyers has been sentenced to a 12 -year jail by CEO Alex Mashinsky. Alex Mashinsky implicated thousands of people by making false promises and made a profit of crores of dollars through fraud. Now the US court has found Alex Mashinsky guilty.
Alex Mashinsky puts investors like this
Alex Mashinsky promoted his company Celsius Community as a safe banking option among Buyers, as well as a false promise to give attractive returns, while Celsius Community’s own financial condition was extremely weak. He increased the price of Celsius Community token Cel misleading and artificially and sold his holding at expensive prices. After this, in July 2022, Celsius Community was declared bankrupt, while investors could not even withdraw their money. Elon Musk told Crypto Scams SCORCHING WOMANRead in detail here
Alex Mashinsky accepted, earned $ 42 million by deception
In December 2024, Alex Mashinsky admitted in court that Fraud and Marketplace Manipulation Through it, he defrauded investors $ 42 million. At the same time, former Well-KNOWN Income Officer of the company Ronnie Cohen-Pawon also accepted his fault in September 2023. During the court hearing, the prosecutors demanded a sentence of 20 years to Alex Mashinsky, but the court sentenced him to 12 years. There are still cases related to civil and bankruptcy against Mashinsky. During the hearing, more than 170 aggrieved people sent their Affect Observation in the court, in which they mentioned the economic loss.
Controversy over the approval of daughter’s wedding
Alex Mashinsky is currently in jail and now a controversy has arisen when he was allowed to attend his daughter’s wedding before he was sentenced. The court has allowed Alex Mashinsky to go to Tennessi from 26 May to 29 May, where his daughter is scheduled to get married. It is believed that this may be his last “free movement”.
However, the defense had argued in front of the court that Alex Mashinsky should be sentenced to only 1 year and 1 day as they have been found involved in an economic crime for the first time. Meanwhile, on getting permission to go to the wedding, a debate has started in social media and Crypto Community and this decision is being seen with doubt. Many people are also raising questions whether Alex Mashinsky is planning to escape.
Conclusion
Alex Mashiski’s 12 -year sentence is not just a person sentenced to one person, but a symbol of the fight for transparency and trust in the Crypto market. This decision of the US court sends a message between the Crypto Community that fraud in the name of technology is no longer hidden easily. Investors also need to take decisions more vigilantly, especially to such crypto platforms that promise much returns. Along with this news, if you want to read more news related to tokens, then you can read our Easiest Cryptos to Purchase section, where you Operation Sindoor and Pahalgam tokens can be pretendedYou will get such new information.
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