Alex Mashinsky is facing potential imprisonment for up to two decades due to alleged fraudulent activities carried out while he was the founder and former CEO of Celsius. The US Department of Justice is seeking a 20-year jail term for Mashinsky, citing his actions as an example of the consequences of misconduct in the cryptocurrency industry. Despite these legal troubles, the CEL token, powered by the Celsius Network, has seen a significant increase of over 70%. Mashinsky pleaded guilty to fraud charges and is accused of deceiving customers, resulting in substantial financial losses. The case involves multiple regulatory bodies, including the SEC and DoJ, pressing charges against Celsius and Mashinsky for various offenses like market manipulation and misrepresentation. Efforts are being made to compensate victims of the alleged fraudulent activities. Mashinsky's sentencing is scheduled for May 8, with the possibility of a 20-year prison term, a shorter period compared to the sentence of another cryptocurrency executive, Sam Bankman-Fried.