Alex Mashinsky Tries to Tie Celsius Collapse to FTX Despite CEL Manipulation Guilty Plea

Alex Mashinsky has asked a New York court to void his 12-year sentence for fraud and market manipulation, adding claims that former FTX CEO Sam Bankman-Fried sought to destroy Celsius and manipulate the market for CEL. The filing introduces a more specific allegation against Bankman-Fried than earlier reports and also includes text messages involving former Celsius CRO Roni Cohen-Pavon. The new claims come despite Mashinsky’s prior guilty plea tied to manipulation of CEL, Celsius’ native token. He had previously challenged the case on procedural grounds including ineffective assistance of counsel and arguments over disputed evidence, while also facing $48 million in forfeiture and a $10 million civil settlement.

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