Criminal case
United States v. Alexander Mashinsky
- Authority
- US District Court for the Southern District of New York
- Case number
- Not published
- Filed or opened
- 13 July 2023
- Organization
- Celsius Network LLC
- Current stage
- Convicted by guilty plea and sentenced. Motion to vacate pendingS9.
- Outcome
- Pending. A motion to vacate the sentence was opposed by prosecutors in August 2026 and awaits a rulingS9.
Decisions and steps
Claims this case bears on
- Supported93The US Department of Justice said Celsius founder Alexander Mashinsky pleaded guilty to commodities fraud and securities fraud and was sentenced to 12 years in prison in May 2025.Regulator statement, 8 May 20252 records citedFraud
- Supported90The SEC and the US Department of Justice said Celsius and Mashinsky manipulated the price of the CEL token through undisclosed buybacks funded in part with customer money.Regulator statement, 13 July 20233 records citedMarket conduct
Sources
- S2Tier A Celsius Founder And Former CEO Alexander Mashinsky Pleads Guilty To Multi-Billion Dollar Fraud And Market Manipulation SchemesUS Attorney's Office, Southern District of New York. Government press release. 3 December 2024.Supports the guilty plea to commodities fraud and securities fraud and the CEL price support using customer money.
- S1Tier A Founder Of Celsius Sentenced To 12 Years For Fraud And Market ManipulationUS Attorney's Office, Southern District of New York. Government press release. 8 May 2025.Supports the 12-year sentence, the counts and the forfeiture. It does not resolve the later motion to vacate.
- S9Tier C Federal prosecutors blast ex-Celsius CEO's motion to vacate as 'without merit'Cointelegraph. Press report. 18 August 2026.Reports the prosecutors' opposition filing of 14 August 2026 and that the judge had not yet ruled. Press source for the current procedural state.