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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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2️⃣ Like this post
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📅 Ends at 4:00 AM July 22 (UTC)
Celsius founder Mashinsky was sentenced to 12 years for encryption fraud.
According to Gate.io News bot and Bloomberg, Alex Mashinsky, the founder of the Crypto Assets lending platform Celsius Network, has recently been sentenced to 12 years in prison.
Mashinsky engaged in crypto assets fraud during his tenure at Celsius Network. Previously, Celsius Network filed for bankruptcy protection in July 2022, with over 1.8 million users and managing assets totaling $12 billion.
Bloomberg reported that, in addition to serving his sentence, Mashinsky must also pay fines and forfeit illegal gains.