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Celsius founder and former CEO Alex Mashinsky has been sentenced to serve 12 years in prison for crypto fraud. Mashinsky defrauded hundreds of thousands of customers lured by his firm’s high interest rates on digital-asset deposits. JUST IN: Former Celsius CEO Alex Mashinsky sentenced to 12 years for crypto fraud. — Watcher.Guru (@WatcherGuru) May 8, 2025 Mashinsky pleaded guilty to the charges back in December and was sentenced Thursday by US District Judge John Koeltl in Manhattan. Prosecutors previously wanted the former Celsius CEO to serve 20 years, calling him “unrepentant.” Federal prosecutors charged Mashinsky with fraud, conspiracy, and market manipulation. Moreover, they claimed that he had misled Celsius customers, using their investments to increase the value of both the company and a native cryptocurrency. However, Mashinsky’s defense argues that a shorter sentence would suffice. “He was not motivated by malevolence, cruelty, greed, or ego,” Mashinsk...

Kyle Davies, the founder of bankrupt Three Arrows Capital (3AC), was recently interviewed on the cryptocurrency podcast Unchained. During the interview, Davies explained how he intends to avoid his prison sentence in Singapore, how he still believes his actions were not fraudulent, and why “Uncle Kyle’s Chicken restaurant” is still unlaunched.  Davies claimed the pending Singaporean prison sentence was a surprise, blamed his and Su Zhu‘s lawyers for not adequately reminding them about the court date that they missed, and also said that “this is not my full-time job.” Despite their lawyers apparently being responsible for their prison sentences, Davies noted that he has not fired his lawyers, though he did muse that, “maybe we should.” Davies also noted that he does not intend to return to Singapore for as long as the prison sentence is waiting for him. Davies has also not returned to the United States since the collapse of Three Arrow...

While spending his days behind bars, the once-touted ‘King of Crypto’ and founder of the disgraced cryptocurrency trading platform FTX, found guilty on seven counts of fraud and conspiracy, Sam Bankman-Fried, is biding time giving crypto investment tips to prison guards. Indeed, Bankman-Fried, a.k.a. SBF, currently resides in the Metropolitan Detention Center in Brooklyn, New York, where he has been sharing crypto market tips, recommending the guards to invest in Solana (SOL), according to The New York Times report published on February 27. Preparing appeal and promoting Solana Specifically, as the article reads, a “person with knowledge on the matter” said that the former crypto exchange CEO has been spending time in his jail cell preparing the appeal on his criminal conviction and sharing financial advice that heavily favors the native token of the Solana layer 1 blockchain: Picked for you Ripple v. SEC case update for end of February 2024 2 hours ago How rich ...

Sei’s co-founder Jay Jog explained how the blockchain edges Ethereum and Solana.  The founder explained Sei’s high speed, and how EVM makes it an attractive option for developers.  The Sei v2 upgrade is expected to pull more developers to the network. In a new interview with cryptocurrency YouTuber Anthony Pompliano, Sei Labs co- founder Jay Jog highlighted what makes Sei’s layer-1 blockchain unique compared to its competitors.  According to the founder , Sei’s EVM Parallelisation sets it apart from other layer-1 networks. Specifically, the infrastructure allows the blockchain to retain its high transaction speeds while also letting developers use the EVM.  Jog explained that while Ethereum Virtual Machine (EVM) is a landmark technology, it was not built with scaling in mind. On the other hand, Jog said Solana scales blockchains to support greater thoroughput. Piecing this together, the founder said the ultimate aim for Sei is to sc...