@jptrscik
A former Celsius exec received a lenient sentence of time served after pleading guilty to fraud and price manipulation in 2023. The ruling follows a broader crackdown on crypto misconduct, reflecting regulatory pressure on lending platforms post-2022 collapses.
Celsius, once a major crypto lender, imploded amid market turmoil, exposing risks in unregulated yield products. The case underscores ongoing scrutiny of DeFi and CeFi governance as authorities push for stricter compliance.
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