US prosecutors file over 200 victim statements in Celsius ex-CEO’s case
US federal prosecutors have submitted over 200 victim impact statements in the case against Alex Mashinsky, founder of Celsius Network. The statements, totaling 418 pages, reveal the significant financial losses experienced by Celsius users, many of whom trusted Mashinsky's assurances about the platform's safety. Victims expressed disappointment with the amounts returned during bankruptcy proceedings, often less than their initial investments. Celsius Network, which allowed crypto deposits for yield and loans, halted withdrawals in mid-2022 and filed for bankruptcy in July. Mashinsky faces seven charges, having pleaded guilty to commodities and securities fraud, potentially facing up to 30 years in prison. While many statements advocate for maximum sentencing, a few request leniency, citing Mashinsky's remorse and external economic factors. His sentencing is scheduled for May 8, with the government's brief due on April 24.
