• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Former Celsius CEO Alex Mashinsky Requests Sentencing Delay

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Trump Plans to Raise Tariffs on EU Cars and Trucks

chest

Trump plans to raise tariffs on EU cars and trucks to 25%, despite a Supreme Court ruling against certain tariffs.

user avatarDiego Alvarez

Supreme Court Ruling Forces US to Refund Tariff Revenue

chest

Supreme Court ruling requires US to refund $149 billion in unlawful tariff revenue.

user avatarKenji Takahashi

Chainlink's Smart Value Recapture Solution Dominates DeFi Market

chest

Chainlink's Smart Value Recapture (SVR) solution has rapidly gained a 99% market share in capturing oracle-related Maximal Extractable Value (MEV) within the DeFi ecosystem.

user avatarMaria Fernandez

Chainlink Staking Ecosystem Approaches Pivotal Moment Amid Regulatory Clarity

chest

The Chainlink staking ecosystem may expand significantly if the Clarity Act provides the necessary legal framework for revenue sharing with stakers.

user avatarGustavo Mendoza

Rep. Nick Begich Proposes New Legislation for Bitcoin Reserve

chest

Rep. Nick Begich introduced the American Reserve Modernization Act (ARMA) to establish a federal strategic reserve for Bitcoin, aiming to fulfill a campaign promise of President Trump and provide a legal framework for digital assets.

user avatarRajesh Kumar

Chainlink's Price Stabilization Efforts Amid Market Pressure

chest

Chainlink shows signs of stabilization around the 920 support level despite trading pressures.

user avatarMiguel Rodriguez

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.