In the courts, Celsius founder Alex Mashinsky has been sentenced to twelve years in prison for the Celsius fraud, which resulted in customers losing over half a billion dollars.
![Alex Mashinsky has been sentenced to twelve years in prison for his Celsius fraud, which culminated in the mid-2022 collapse of the US-based cryptocurrency lending firm, causing over half a billion dollars in customer losses [I82, 71]. The government had requested a 20-year sentence; Mashinsky asked for just a single year of imprisonment. Mashinsky pleaded guilty to fraud in December, just before his case was set to go to trial, and that plea was a major factor in his receiving a substantially shorter sentence than Sam Bankman-Fried’s 25 years.
Photo of Alex Mashinsky on stage, wearing a shirt with the Celsius logo and the slogan “Banks are not your friends”. CC BY 2.0, WebSummit, https://flic.kr/p/2mGvJLc](/proxy/post_attachment/496779/0719eef7cb.png "Alex Mashinsky has been sentenced to twelve years in prison for his Celsius fraud, which culminated in the mid-2022 collapse of the US-based cryptocurrency lending firm, causing over half a billion dollars in customer losses [I82, 71]. The government had requested a 20-year sentence; Mashinsky asked for just a single year of imprisonment. Mashinsky pleaded guilty to fraud in December, just before his case was set to go to trial, and that plea was a major factor in his receiving a substantially shorter sentence than Sam Bankman-Fried’s 25 years.
Photo of Alex Mashinsky on stage, wearing a shirt with the Celsius logo and the slogan “Banks are not your friends”. CC BY 2.0, WebSummit, https://flic.kr/p/2mGvJLc")
Edited 45d ago
@molly0xfff TLDR - not Celsius energy drinks, you are safe… for now xD
@AmbianceAsunder I have a low caffeine tolerance so I suspect Celsius energy drinks present a different form of danger to me specifically