Celsius' Former CEO Seeks Testimony from Employees Amidst Sentencing Hearing
CryptoNewsTerminal Staff16 Sep, 2024
Celsius' Former CEO Seeks Testimony from Employees Amidst Sentencing Hearing
Celsius Network's former CEO, Alex Mashinsky, is seeking permission from the court to present testimony from six of his former colleagues during his upcoming sentencing hearing, according to The Block. These individuals, including the chief financial officer and chief revenue officer, are expected to provide insights into Mashinsky's decision-making process while leading the bankrupt cryptocurrency lender. Mashinsky has consistently maintained his innocence, stating that he "never intended to harm anyone." His attorneys argue that as Celsius' CEO, he relied on information from the company's team of experts. However, the government has reportedly informed Mashinsky's legal team that the suggested sentencing range for his case is approximately 115 years in prison. As the sentencing hearing approaches, it remains to be seen whether the testimony of Celsius employees will influence the court's decision. The outcome of the hearing will have significant implications for Mashinsky and the cryptocurrency industry as a whole.
