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Celsius Founder Mashinsky Seeks to Overturn 12-Year Sentence, Alleges FTX Tried to Destroy Company

GateNews

Enforcement Actions

2026-05-29 16:06:12

CEL-0.06%

According to ChainCatcher, Celsius founder Alex Mashinsky filed a motion with a New York court seeking to overturn his 12-year sentence for fraud and market manipulation. Mashinsky, now representing himself after his legal team withdrew, claims his previous defense was ineffective and invoked the fruit of the poisonous tree doctrine to challenge the admissibility of certain evidence. He also alleged in his filing that Sam Bankman-Fried attempted to destroy Celsius and blamed FTX for market manipulation of the CEL token. In 2025, Mashinsky pleaded guilty to commodities and securities fraud, resulting in a $48 million asset forfeiture order and a $10 million settlement with the U.S. Federal Trade Commission.

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