In brief
- Celsius founder Alex Mashinsky filed a motion to vacate his 12-year prison sentence.
- The former crypto lending CEO cited ineffective counsel as a core reason for his motion.
- Mashinsky was arrested and later pleaded guilty to commodities and securities fraud.
Alex Mashinsky, the founder and former CEO of defunct crypto lending platform Celsius, is seeking to vacate his 12-year prison sentence according to a new motion filed in the District Court for the Southern District of New York.
The motion to vacate, which is handwritten by Mashinsky, cited ineffective counsel and “fruit of a poisonous tree” as grounds for vacating the sentence.
Mashinsky, who pleaded guilty to counts of commodities and securities fraud, attached…
