Alex Mashinsky, the former CEO of Celsius, is seeking to reverse his 12-year prison sentence. In a recent motion, he claims ineffective legal representation and highlights a potential conflict of interest with his attorneys at Mukasey & Young LLP. Mashinsky also invokes the "fruit of the poisonous tree" doctrine in his arguments. Additionally, he suggests that the financial losses suffered by Celsius were influenced by the actions of Sam Bankman-Fried, particularly concerning CEL and stETH tokens. Previously, he had entered a guilty plea to charges related to securities fraud.
NewsRegulationEthereumBitcoin
Celsius Founder Seeks to Overturn 12-Year Fraud Sentence
Alex Mashinsky appeals his fraud sentence, citing ineffective counsel and links to Sam Bankman-Fried.
Mercation Admin
May 30, 2026 1 min read



