What do crypto users want to happen to Alex Mashinsky?
Alex Mashinsky, former CEO of Celsius Network, is set to be sentenced on May 8 for commodities fraud and manipulating the price of the platform’s token. Prosecutors in the US District Court for the Southern District of New York have requested a prison term of up to 20 years, while Mashinsky's legal team seeks a sentence of one year and one day. Impact statements from victims highlight significant financial and personal losses due to Celsius' bankruptcy, with some calling for severe punishment to ensure accountability in the crypto industry. Opinions on sentencing vary, with some advocating for leniency, citing Mashinsky's conservative stance in a volatile market. His case marks a significant moment in crypto enforcement under interim US Attorney Jay Clayton, who has previously indicated support for accountability in fraudulent actions.
