• 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

SEC Delays Innovation Exemption for Tokenized Assets

chest

The SEC has postponed plans to introduce an exemption for US crypto firms to trade tokenized stocks and assets, impacting the integration of blockchain in securities markets.

user avatarRajesh Kumar

Microsoft Research Unveils Fara15 AI Model, Outperforming Competitors

chest

Microsoft Research has introduced a new AI model named Fara15, which outperforms competitors in completing real-world tasks online.

user avatarLuis Flores

Fara15 AI Model Employs Innovative Training Techniques for Enhanced Performance

chest

Microsoft Research's Fara15 AI model uses innovative training techniques, including synthetic domain training and OpenAI's GPT-5 as a teacher agent, to enhance performance in complex browser tasks.

user avatarMiguel Rodriguez

Federal Regulators Set to Review Crypto Regulations Under Trump's Directive

chest

Federal regulators are set to review existing laws and practices that may hinder cryptocurrency firms from accessing the US payment system, aiming to identify barriers within 90 days.

user avatarArif Mukhtar

Trump's Executive Order Could Transform Crypto Access to US Payment System

chest

US President Donald Trump signed an executive order to review cryptocurrency companies' access to the US dollar payment system.

user avatarMaria Gutierrez

Congress Investigates Insider Trading Linked to Military Operations

chest

A congressional investigation has been launched into prediction market platforms Polymarket and Kalshi due to insider trading linked to US military operations.

user avatarAndrew Smith

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.