• 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

Microsoft and OpenAI Report Malware Infections from ShaiHulud Campaign

chest

Microsoft and OpenAI reported malware infections in their systems linked to the ShaiHulud campaign.

user avatarKenji Takahashi

ShaiHulud Malware Campaign Raises Alarms in Software Development

chest

A new malware campaign named ShaiHulud is raising alarms in the software development community due to its extensive reach across major package repositories.

user avatarMaria Fernandez

Tether Takes Strategic Steps in South Korea with Trademark Filings

chest

Tether has filed seven trademark applications in South Korea, covering its name, logo, and Tether Gold, marking a significant shift in its strategy to establish a business presence in the country.

user avatarGustavo Mendoza

Ethereum's Market Structure Remains Resilient Despite Recent Decline

chest

Ethereum's market structure shows resilience despite recent selling pressure, maintaining critical support levels.

user avatarRajesh Kumar

Crypto Expert Predicts XRP Supply Crisis Amid Rising Demand

chest

A crypto expert predicts a potential supply crisis for XRP as demand may soon outstrip available exchange reserves.

user avatarMiguel Rodriguez

WhiteBIT Expands into the UK with New Platform Launch

chest

WhiteBIT has launched a dedicated platform for UK users, enhancing access to crypto markets and offering features like spot trading and GBP funding.

user avatarLuis Flores

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.