![At its peak in late 2021, Celsius had more than one million clients and held more than $25 billion in assets [File]](https://th-i.thgim.com/public/incoming/wyoukc/article69556670.ece/alternates/LANDSCAPE_1200/2025-04-23T155936Z_1680637030_RC2KCBAORJ8G_RTRMADP_3_TWENTY-ONE-M-A-CANTOR-EQUITY.JPG "At its peak in late 2021, Celsius had more than one million clients and held more than $25 billion in assets [File]")
The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges.
Mashinsky, 50, pleaded guilty last December to securities fraud in a deal that reduced the level of charges he faced.
The sentence comes down nearly three years after the startup’s collapse as a cryptocurrency platform, which offered customers the ability to invest in digital currencies, including its own coin, CEL.
According to the…
