Celsius code victim demands life sentence for Alex Masky saying he “destroyed his life”

A client of Alex Mashinsky, founder of the celsius network, wants him behind the bar for the rest of his life.

Over 200 victim impact statements, many have been reviewed Decryptionfiled with District Judge John G. Cortre ahead of the May 8 ruling of Machineski.

“He’s destroyed a lot of lives, and there are people who took their lives for him,” he wrote Brandon Lawrence, an investor who says he’s lost 1.5 bitcoins (about $141,000 today). “He should face similar consequences to Bernie Madoff and be jailed for the rest of his life.”

Investor pleasing will come nearly five months after Machineski pleaded guilty to two felony counts, admitting misleading about Celsius’ financial health and use the funds to manipulate the price of the cell, the company’s native token.

Brian Barrett, one of many who left his savings to Celsius, described the emotional and financial devastation left behind by Machineski.

The troubled investors urged the court to send a clear message, saying the case was “crucial to restoring our faith in the judicial system,” and urged to show that violations of law and trust are “fulfilled with corresponding severity.”

Once one of the most prominent figures in crypto loans, Machine Ski Waterfall is one of the most dramatic collapses of 2022’s “Crypto Winter.”

Crypto companies such as Voyager Digital filed for bankruptcy weeks later, followed by an explosion of hedge fund Three Arrows Capital. Blockfi struggled to survive the storm and eventually fell along with FTX in November.

Celsius frozen his withdrawal in June 2022, locking in $4.7 billion in customer assets and filed for bankruptcy a few weeks later.

The founder of celsius was initially charged with seven criminal charges in July 2023, including wire fraud and market manipulation.

Prosecutors revealed that even if Machineski personally dumps his holdings to the market, celsius will use customer funds to artificially inflate Cel’s prices.

Internal communications showed executives, including then-highest income officer Roni Cohen Pavon, who knew the cell price was artificially supported, according to a statement from the US Lawyer’s Office for the Southern District of New York.

“The value was fake,” Cohen Pavon told Machineski in a message. “No one else will buy it except us.”

Despite the weight of the charges sentenced to up to 30 years in prison, Masski sought generosity from the court.

On Wednesday, the New York Court formally granted a request from Machineski’s lawyer to postpone the decision from April 8th to May 8th.

In their allegations filed in February, the defense said it would take more time to file a statement saying “We will accurately present Mr Massky’s views on his violation, along with many other factors the court will consider.”

At the same time, he quietly invited two well-known defense attorneys, Marc Mukasey and Torrey Young, best known for representing FTX co-founders Sam Bankman-Fried and The Trump Organization.

Edited by Stacy Elliott.