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The founder of cryptocurrency loan was the founder of the platform and the former CEO Celsius Network Thursday was sentenced to 12 years in prison After the prosecutor, a predator labeled “prey on hope” by saving sensitive customers’ life to save the savings of sensitive customers.
Alexander Mashinsky59, 59, US District Judge John G. John G. Koeltl was convicted, some of his customers lost everything and suffered heavy psychological damage.
In 2022, Celsius declared bankruptcy in 2022, drafted with some of the thousands of more than 20 billion customers who exposed risky financial betting. Crypto-made assets promised to be safe and reliable in Celsius, who denied himself as a modern bank that the assets can earn.
Defense did not act in May 2022 and June 2022 and in June, “Cryptochurence markets” cryptic market cryptic markets, and did not act in harm to anyone who had never preyed, exploitation or venal. “
However, the US lawyer Allison Nichols threw him as a financial predator, said that Mashhanhinsky’s Momentum began to build a collapse on Thursday.
“He torn in hope.” “Mashinsky knew exactly what he was doing – I hope these people.”
According to him, they will not be richly intact in financial, regardless of money that can be restored by the bankruptcy process.
Before convicted, Mashinsky apologized to customers, and his family appealed to his difficult past because he could leave a small Ukrainian city in the former Soviet Union.
Family moved to Israel for three years, like Mashinki’s Israeli Defense Forces for three years before coming to America.
“Mashinsky said,” As all this country has done for me, he said he intended to harm anyone.
“I really apologize,” he said, describes himself as someone, “he said.
When he confessed his sin in December, Mashinsky had forced customers between 2018-2022, Celsius’s profitability and customers to imagine non-identified loans and non-disclosed risky market bets.
Lawyer Mark Mukasey said the victim was “very cruel,” against the customer of the testimony of the testimony to the court.
“We hear the intensity of their pain,” he said. “Our sympathies are with everyone.”
Several victims spoke at the court session.
Cameron Crewnes, who served the victim, called a “tough sentence,” about 250 victims died before death before death or damaged.
“Many people were deleted,” he said.
The statement said that the US lawyer Jay Clayton, Makinsky has made ten million dollars when customers charged billions of dollars, “he said.
He added: “America’s investors are better deserving. The use of tombenization and digital assets is strong, but not a license to deceive. Rules against fraud are still applied.”
This story was first displayed Fortune.com