The American Justice Department seeks to a 20 -year prison sentence for Celsius Alex Mashinsky

Alex Machinski, founder and former CEO of Crypto Lander Celsius, faces the possibility of spending the next two decades behind bars if the US Department of Justice is Ruling The request is granted.

In the note submitted late on Monday, the Ministry of Justice urged the court to impose a 20 -year prison sentence, described crimes as “deliberate and calculated” that caused customer losses approximately $ 7 billion and left thousands of money.

Machinsky, Which was admitted to being guilty in December Prosecutors said that the distortion of the safety of customer deposits and the treatment of Celus code, “refuses to accept responsibility” for his crimes and continues to convert the blame to the organizers, market conditions and even its victims.

“Machinsky’s crimes were not the product of neglect, naivety, or bad luck,” they wrote. “They were the result of deliberate decisions calculated for lying, deception and theft in the pursuit of a personal wealth.”

At its peak in 2021, CELSIUS managed more than $ 20 billion in customer encryption assets. Mashinsky has marketed the platform strongly as a safe alternative to banks, high promises and low risks.

Prosecutors said that these promises were a hoax: Celsius took unintended loans, made risky deals and secretly used customer origins to manipulate the CEL code price – all with customer guarantee publicly that their money was safe.

Mashinsky was personally sold $ 48 million from CEL at inflated pricesThe prosecutors said, even when he told the customers that he was “wandering” next to them. When Kilsius The bankruptcy collapsed in July 2022on 4.7 billion dollars of customer money has been held.

After bankruptcy, he left customers with a shortage of more than one billion dollars. Adjusting the encryption prices today after 2014 “Trump“The assembly, prosecutors estimate that the total loss is closer to $ 7 billion.

Representatives have warned that anything less than an important prison sentence will fail to reflect the danger of Machinsky’s behavior, undermine the respect of the law, and sends the wrong message to the executives of other encryptions who were seduced by chasing a personal enrichment at the expense of their customers.

Judge John J. Collete will judge Macinski on May 8.