Former Celsius CEO Alex Mashinsky pleaded guilty in a New York court to two charges, and Bloomberg reported that Mashinsky pleaded guilty to commodity fraud and fraud for manipulating the price of the company's native token, which carries a maximum sentence of 20 years in prison. According to the original complaint in July 2023, Mashinsky was charged with securities fraud, commodity fraud, wire fraud, and more. Celsius is a cryptocurrency company that allows customers to earn interest and borrow money. The company filed for bankruptcy in 2022 and shut down earlier this year.