Alex Mashinsky, founder and former CEO of Celsius, has asked a New York judge to vacate his 12-year prison sentence for crypto fraud. The motion claims ineffective counsel and a legal conflict involving Sam Bankman-Fried.
Mashinsky filed the motion on or around May 29, 2026, seeking to overturn the sentence handed down in May 2025. He argues that his lawyers' withdrawal left him without effective representation and deprived him of due process.
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Sam Bankman-Fried, the imprisoned founder of the collapsed FTX exchange, has formally applied for a presidential pardon from Donald Trump. The move triggered a sharp rally in the FTT token, which rose more than 50 percent in a day.
Attorneys for Sean Combs urged a federal appeals court on Thursday to speed up its decision on whether his 50-month prison sentence was improperly imposed. The Bad Boy founder, convicted of transportation to engage in prostitution, is serving his term at a low-security facility in New Jersey. The hearing before the U.S. Court of Appeals for the Second Circuit focused on claims that the judge considered acquitted conduct during sentencing.
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The U.S. Securities and Exchange Commission has filed a lawsuit against Texas resident Nathan Fuller, alleging he raised $12.3 million from about 150 investors through a fraudulent crypto investment scheme that falsely promised high returns from AI-powered trading bots.