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April 29, 2025

Celsius Founder Alex Mashinsky Faces 20-Year Sentence While CEL Token Surges 70%

Celsius founder Alex Mashinsky is in legal hot water, facing a potential 20-year prison sentence as the US Department of Justice moves forward with charges against him. Accused of orchestrating a prolonged campaign of deceit and self-dealing, Mashinsky’s situation has not deterred investors from supporting the CEL token, which has skyrocketed by 70%. This surge highlights the volatile nature of the cryptocurrency market despite the serious allegations against its founder. The CEL token’s resilience signals investor confidence amidst turmoil, raising questions about the future of Celsius and Mashinsky.

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