• 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

Analysts Raise Price Targets for SanDisk Following Nasdaq100 Announcement

chest

Following SanDisk's announcement of joining the Nasdaq100, analysts have raised their price targets, with Jefferies setting a target of 1,000 and Citi's Asiya Merchant raising hers to 980, reflecting strong market confidence.

user avatarFilippo Romano

SanDisk's Market Position Strengthened by AI Demand and Supply Constraints

chest

SanDisk Corp is the only pure-play NAND company with a 13% global market share, benefiting from AI-driven demand and supply constraints faced by competitors.

user avatarRajesh Kumar

SanDisk to Join Nasdaq100, Replacing Atlassian

chest

SanDisk Corp will join the Nasdaq100, replacing Atlassian Corporation, effective April 20, 2023, leading to a surge in stock price.

user avatarLucas Weissmann

SEC Clarifies Regulations for Crypto Trading Interfaces

chest

The SEC has issued new guidance clarifying how certain crypto trading tools can operate without broker-dealer registration.

user avatarEmily Carter

Ethereum Shines as Best-Performing Asset Amid Global Tensions

chest

Ethereum has proven to be the best-performing asset since the onset of the US-Iran conflict, boasting a remarkable 174% gain.

user avatarKaterina Papadopoulou

Nigel Farage Makes History by Backing Bitcoin as a Sitting MP

chest

Reform UK leader Nigel Farage has made history by becoming the first sitting British MP and party leader to publicly back Bitcoin with a £2 million purchase for Stack BTC.

user avatarTomas Novak

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.