Day: May 9, 2025

Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

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Alexander Mashinsky, the former CEO of crypto lending firm Celsius, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud.  Celsius Mashinsky Faces Justice The proceedings took place before US District Judge John G. Koeltl in Manhattan’s Southern District, where Mashinsky faced the repercussions of what prosecutors characterized as a sweeping scheme to defraud investors. In December, the crypto lender’s former CEO admitted guilt to charges of commodities fraud and manipulation of the Celsius token, CEL, leading to his current sentence. Mashinsky’s legal…

Finally blast into space with Justin Sun, Vietnam’s new national blockchain: Asia Express

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Go to space with Justin Sun Crypto exchange HTX (formerly Huobi) said it will send one user a $6 million ticket to blast off to space alongside Justin Sun in July 2025. Tron founder Justin Sun is known for riding pop culture waves.(Justin Sun) The campaign will select five additional finalists to join seven previous winners to form a 12-person shortlist. One person will ultimately be chosen to participate in the commercial spaceflight. The exchange has actually been talking about doing this since 2021 when Sun was revealed as the…