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Alex Mashinsky’s prison listed as one of America’s ‘cushiest’

Celsius founder Alex Mashinsky will reportedly spend 12 years in a facility described as “Bernie Madoff’s desired retirement home.”

Celsius founder Alex Mashinsky receives 12-year sentence

Mashinsky’s lawyers argued that a 15-year sentence would be “too much,” and that his deeds aren’t comparable to other scams like OneCoin.

Ionic Digital, which purchased crypto mining assets from Celsius’ bankruptcy, has seen seven directors resign.

Former Celsius CEO Mashinsky claims his current legal obligations have put him in an “untenable situation” that requires a sentencing delay.

Celsius, the crypto lending Ponzi scheme that came to a crashing halt in June of 2022, is currently working its way out of bankruptcy.