**Former CEO of cryptocurrency platform Celsius faces 115-year prison sentence, lawyer team requests witnesses to testify**

Hello everyone! Today we are going to talk about a striking cryptocurrency story. Former Celsius CEO Alex Mashinsky is facing a possible 115-year prison sentence. What's going on? Let's take a look!

According to BlockBeats, TheBlock reported the incident on September 17. Mashinsky's legal team submitted a memorandum to the New York District Court last Friday, requesting that six former Celsius employees be allowed to testify in his criminal trial. These witnesses include executives such as the company's former chief financial officer and chief revenue officer.

The matter dates back to July 2023, when Mashinsky was arrested for allegedly defrauding customers and misleading them about Celsius' profitability. The U.S. Securities and Exchange Commission (SEC) accused Celsius and Mashinsky of raising billions of dollars through fraudulent and unregistered cryptocurrency sales and manipulating the price of the company's native token CEL.

Mashinsky's lawyers said in the memo that as the CEO of Celsius, Mashinsky relied on information provided by the experienced professional team around him and had no intention of harming anyone. They emphasized: "The government has informed the defense that its 'current position' is that according to the sentencing guidelines, Mr. Mashinsky should be sentenced to 115 years in prison."

Hearing this, do you think this matter is a bit complicated? 🤔

Whether you are a loyal fan of cryptocurrency or curious about blockchain technology, this story is worth our attention. After all, the cryptocurrency market is changing rapidly, and every major event has the potential to have a profound impact on the market.

So, what do you think about this matter? Do you think Mashinsky should bear such a severe penalty? Or is he just misunderstood? Welcome to share your views and opinions in the comment area, let's discuss together!

Overall, this incident once again reminds us how important transparency and integrity are in the cryptocurrency and blockchain industry. Whether it is investors or companies, they should be vigilant to ensure that their actions are legal and compliant.

Well, today's crypto story ends here.Please remember to leave your thoughts in the comments section! We look forward to interacting with you!