Celsius Founder Alex Mashinsky Seeks to Vacate 12-Year Prison Sentence

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Alex Mashinsky, founder of defunct crypto lending platform Celsius, files motion to vacate 12-year prison sentence citing ineffective counsel due to financial conflict of interest with his legal firm, which had ties to FTX's Sam Bankman-Fried.

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In brief Celsius founder Alex Mashinsky filed a motion to vacate his 12-year prison sentence. The former crypto lending CEO cited ineffective counsel as a core reason for his motion. Mashinsky was arrested and later pleaded guilty to commodities and securities fraud. [...] Though some creditors wanted even harsher punishments, Mashinsky was sentenced to 12 years in prison for his crimes. Now he wants to see that sentence vacated.

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This article was originally published by Decrypt.

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