Former Celsius Network CEO Alex Mashinsky is scheduled to be sentenced on May 8, 2025, following his guilty plea to fraud and market manipulation charges.
Over 200 victim impact statements have been submitted by Celsius users detailing the financial and emotional effects of the platform's collapse.
The victim statements, totaling over 400 pages, reveal the loss of retirement savings, family investments, and other financial hardships experienced by users.
Mashinsky's sentencing could result in a prison term of up to 20 years, with the possibility of extending to 30 years if sentenced consecutively on all charges.