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Alex Mashinsky, the former CEO of the failed crypto lender Celsius Network, is scheduled to be sentenced by a U.S. court on May 8 after pleading guilty to charges of fraud and market manipulation related to the platform's collapse. Investors who suffered losses from Celsius have urged the federal judge to impose a harsh sentence. Despite the severity of the charges, it is considered unlikely that Mashinsky will receive the maximum 30-year sentence. In related crypto news, former President Donald Trump is engaging with the cryptocurrency community by hosting a private dinner for top meme coin investors, signaling a deeper involvement in the crypto sector.
NEED TO KNOW: - $ TRUMP Pumps as President Plans Dinner with Top Memecoin Holders. The presidential memecoin is now being given utility. - Celsius CEO Alex Mashinsky to be Sentenced May 8. Mashinsky has already pleaded guilty to commodities fraud and price manipulation. - https://t.co/o1iTRptt88
🚨 LATEST: A U.S. court will sentence former Celsius CEO Alex Mashinsky on May 8, following charges of fraud and market manipulation tied to the platform’s collapse. https://t.co/1b30lqsopm
NEW: Celsius founder Alex Mashinsky is set to be sentenced May 8 after pleading guilty to fraud and price manipulation charges Given the crypto justice tides turning, it's unlikely he gets anything close to the 30-year max sentence https://t.co/fe6mi7ZgtU
