TechFlow news, April 24 — According to Cointelegraph, U.S. federal prosecutors have submitted more than 200 victim impact statements to the federal court in Manhattan, accusing Alex Mashinsky, founder and former CEO of Celsius Network. The statements detail the financial losses and life impacts suffered by users due to Celsius' collapse. Mashinsky pleaded guilty in December 2023 to one count of commodities fraud and one count of securities fraud, facing a maximum sentence of 30 years in prison. Most victims are urging the court to impose the maximum penalty, although a few have called for leniency. Sentencing is set for May 8, with Mashinsky's defense team requesting no more than 366 days in prison.
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