Alexander Mashinsky, founder and former CEO of the failed cryptocurrency platform Celsius Network, pleaded guilty Tuesday to two counts of federal fraud as he admitted misleading customers.

Mashinsky could face decades in prison, according to The Associated Press. He acknowledged illegally manipulating the price of Celsius’ proprietary token while secretly selling his own tokens at inflated prices. He made $48 million off the scheme before Celsius filed for bankruptcy in 2022.

By that time, Celsius had become one of the largest crypto platforms in the world, with assets of........

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