• 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

10 months 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

Solana Faces Significant Market Downturn Compared to Bitcoin, XRP, and Ethereum

chest

Solana is experiencing a significant market downturn, with nearly 75% of its circulating supply held at a loss, unlike Bitcoin, XRP, and Ethereum which have lower loss percentages.

user avatarJacob Williams

XO Token: The Backbone of XOCIETY's Economy

chest

The XO token is a crucial component of XOCIETY's in-game economy, enabling players to earn real-time rewards through various gameplay activities.

user avatarZainab Kamara

XOCIETY Secures $16 Million for Upcoming Early Access Launch

chest

XOCIETY has secured $16 million in funding to support its upcoming Early Access release on the Epic Games Store.

user avatarAyman Ben Youssef

XOCIETY: A Unique Blend of Shooter and RPG Mechanics

chest

XOCIETY is an innovative third-person shooter that incorporates RPG mechanics, set in a captivating sci-fi world where player decisions significantly influence the game environment and long-term progression.

user avatarTando Nkube

BIS Calls for Regulatory Frameworks in Growing Tokenized Markets

chest

BIS calls for regulatory frameworks to address risks in the growing tokenized asset market.

user avatarKofi Adjeman

BIS Reports Surge in Tokenized Money Market Funds to 9 Billion

chest

The Bank for International Settlements (BIS) reports a significant rise in tokenized money market funds, reaching 9 billion, raising concerns about potential risks.

user avatarNguyen Van Long

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.