Celsius Founder Seeks to Overturn 12-Year Fraud Sentence

Alex Mashinsky seeks to overturn his 12-year sentence, citing ineffective defense and conflicts.

Alex Mashinsky, the founder and former CEO of Celsius, has filed a motion in court to overturn his 12-year prison sentence, citing ineffective defense, a conflict of interest with attorneys from Mukasey & Young LLP, and the application of the “fruit of the poisonous tree” doctrine. In his appeal, he also linked Celsius’s losses to alleged actions by Sam Bankman-Fried involving CEL and stETH tokens. Mashinsky had previously pleaded guilty to securities fraud charges.