• 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

The Tax Efficiency Engine of AETFs

chest

Actively Managed Exchange-Traded Funds (AETFs) provide significant tax efficiency through their in-kind redemption mechanism, allowing for indefinite tax deferral and enhancing investor returns.

user avatarRajesh Kumar

The Rise of Actively Managed Exchange-Traded Funds (AETFs)

chest

Actively Managed Exchange-Traded Funds (AETFs) have evolved into a mainstream investment solution, combining professional management with ETF advantages to enhance returns and reduce risks.

user avatarLucas Weissmann

Dual-Market Liquidity and Flexibility of AETFs

chest

Actively Managed Exchange-Traded Funds (AETFs) utilize a dual-market liquidity structure that ensures operational robustness and trading flexibility.

user avatarFilippo Romano

Cryptocom Integrates Visa Cards with Apple Pay for Enhanced User Experience

chest

Cryptocom has integrated its Visa Cards with Apple Pay, enhancing user convenience for cryptocurrency transactions.

user avatarJesper Sørensen

NTS Proposes New Tax Audit Framework to Enhance Taxpayer Rights

chest

The National Tax Service (NTS) of South Korea has proposed a new framework for tax audits that allows taxpayers to schedule their audits and raises the sales thresholds for observer services from a taxpayer protection officer.

user avatarLi Weicheng

Peter Brandt Discusses US Clarity Act's Impact on Bitcoin

chest

Veteran trader Peter Brandt expresses skepticism about the US Clarity Act's impact on Bitcoin's price, stating it won't redefine its value but is a step forward for the crypto industry.

user avatarEmily Carter

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.