Celsius Founder Faces 20 Years for Crypto Fraud as CEL Token Spikes

Quick Summary:

Former Celsius CEO Alexander Mashinsky may be headed to at least 20 years in prison after he pleaded guilty to running a massive fraud scheme that bilked thousands of investors.

CEL jumped more than 70% in 24 hours, reaching an all-time high of $0.1782 before stabilizing at around $0.15.

Even with the recent surge, CEL is still well below its 2021 high of $8.02—currently more than 98% lower than that record high.

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets: United Arab Emirates

Topics: Altcoin News Celsius Bitcoin Market Updates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 18:48:53 (23 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 234 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28294202

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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