Former Celsius CEO Alex Mashinsky Requests Sentencing Delay

user avatar

by Giorgi Kostiuk

2 years ago

Former Celsius CEO Alex Mashinsky has requested a delay in his sentencing hearing.

Request for Sentencing Delay

In February, Alex Mashinsky, former CEO of Celsius, submitted a request through his attorneys to the U.S. District Court for the Southern District of New York, seeking to move his sentencing from April 8 to May 8. Mashinsky's defense argued that he was pulled in multiple directions, necessitating additional preparation time for the hearing.

Charges Against Mashinsky

In 2023, Mashinsky was charged with seven counts related to fraud and manipulating the price of Celsius' CEL token. Initially set to go to trial, Mashinsky pled guilty to two charges in December 2024. Prosecutors have provided victim impact statements to his lawyers and objected to the sentencing delay.

Other Figures in the Case

Celsius' former Chief Revenue Officer, Roni Cohen-Pavon, also named in the indictment, pled guilty to four charges in September 2023. His sentencing hearing has not been scheduled yet but is expected after Mashinsky's.

The legal proceedings against former Celsius executives are ongoing, with the outcomes and possible sentences yet to be determined.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

EDX Markets and Apex Fintech Solutions Form Strategic Partnership

On October 26, 2023, EDX Markets and Apex Fintech Solutions announced a strategic partnership to integrate digital asset trading and clearing technology with Apex's financial infrastructure.

user avatarTenzin Dorje

Increased Rewards for Alpenglow Bugs Announced

Jump Crypto is raising payouts for eligible findings in the Firedancer program, especially for Alpenglow bugs. Effective until Nov 20, eligible findings will receive double the standard reward, with triple rewards for Alpenglow-specific bugs.

user avatarMohamed Farouk

Sean Bowe Calls for End to Automatic Funding for Zcash Community Grants

Zcash cofounder Sean Bowe proposes to halt the automatic allocation of 8 ZEC to the Zcash Community Grants program, citing sufficient treasury funds to cover years of spending.

user avatarBayarjavkhlan Ganbaatar

Solanas Firedancer Introduces Paywall for Bug Reports

The Firedancer team has implemented a requirement for researchers to burn 1 SOL per bug report to reduce AI-generated submissions.

user avatarElias Mukuru

Aviva Investors Expands Tokenized Fund Offerings with Sterling Liquidity Fund Launch

Aviva Investors has launched a tokenized share class of its Sterling GBP Liquidity Fund on the XRP Ledger, marking its second tokenized fund.

user avatarDiego Alvarez

Glamsterdam Upgrade Delayed Despite Security Improvements

Glamsterdam upgrade faces delays despite vulnerability fix due to additional testing requirements.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.