Internet reports that U.S. federal prosecutors have filed more than 200 victim statements in federal court in Manhattan, accusing Alex Mashinsky, founder and former CEO of Celsius Network. These statements detail the financial losses and lives impact of the Celsius crash on users. Mashinsky pleaded guilty in December 2023, pleading guilty to one count of commodity fraud and one count of securities fraud, which carries a maximum sentence of 30 years in prison. Most victims asked the court to impose the maximum sentence, but a few called for lenient treatment. Mashinsky's sentence will be announced on May 8, and his defense team requested a prison term of no more than 366 days.