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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

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.