{"id":930701,"date":"2025-05-14T11:46:01","date_gmt":"2025-05-14T06:16:01","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=930701"},"modified":"2025-05-14T11:46:01","modified_gmt":"2025-05-14T06:16:01","slug":"tech-ceo-of-the-company-once-called-as-bank-of-crypto-industry-sentenced-to-12-years-in-jail","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/05\/14\/tech-ceo-of-the-company-once-called-as-bank-of-crypto-industry-sentenced-to-12-years-in-jail\/","title":{"rendered":"Tech CEO of the company once called as &#8216;Bank of crypto industry&#8217; sentenced to 12 years in jail"},"content":{"rendered":"<p>Alexander Mashinsky, former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday for orchestrating a massive fraud scheme that misled investors in the once-prominent cryptocurrency platform. The sentencing, held in Manhattan\u2019s Southern District courtroom before U.S. District Judge John G. Koeltl, marks a steep fall for a figure once celebrated as a pioneer in the crypto industry.<\/p>\n<p>Mashinsky, who pleaded guilty in December 2024 to commodities fraud and manipulating Celsius\u2019s proprietary token, faced charges stemming from a multi-billion-dollar scheme. Prosecutors accused him of deceiving investors about the safety and profitability of Celsius\u2019s yield-generating platform while secretly liquidating tens of millions in personal holdings. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alexander Mashinsky, former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday for orchestrating a massive fraud scheme that misled investors in the once-prominent cryptocurrency platform. The sentencing, held in Manhattan\u2019s Southern District courtroom before U.S. District Judge John G. Koeltl, marks a steep fall for a figure once celebrated as a pioneer in the crypto industry. Mashinsky, who pleaded guilty in December 2024 to commodities fraud and manipulating Celsius\u2019s proprietary token, faced charges stemming from a multi-billion-dollar scheme. Prosecutors accused him of deceiving investors about the safety and profitability of Celsius\u2019s yield-generating platform while secretly [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-930701","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/930701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=930701"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/930701\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=930701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=930701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=930701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}