Former Celsius CEO Alex Mashinsky pleaded guilty to fraud involving commodities and securities, which could threaten him with up to 30 years in prison. 🚔 At the hearing, he admitted to misleading investors about the "Earn" program, which earned him $48 million.

Mashinsky agreed to return the illegally obtained funds. The judge will issue a sentence on April 8, 2025. His actions have been described as one of the largest frauds in the crypto industry.