• 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

Snowflake Announces $6 Billion Agreement with AWS

chest

Snowflake has entered into a five-year, $6 billion agreement with Amazon Web Services to enhance product integrations and expand market efforts.

user avatarTomas Novak

Snowflake Stock Soars 38% After Strong Q1 Earnings

chest

Snowflake's stock surged 38% after strong Q1 earnings, reporting $139 billion in revenue and $0.39 EPS, driven by demand for enterprise AI solutions.

user avatarEmily Carter

XRP Community Speculates on Price Surge After Banking Approval

chest

The XRP community is buzzing with speculation that Ripple's banking approval could lead to unprecedented price levels for XRP.

user avatarMaya Lundqvist

RealFi and Shopify Collaborate on XRP Ledger Payment Rewards Application

chest

RealFi Payment Solutions has partnered with Shopify to create a payment rewards application powered by the XRP Ledger.

user avatarKaterina Papadopoulou

US-Iran War Escalates with New Strikes

chest

The US-Iran war has escalated with fresh strikes from both sides, dampening hopes for a peace deal. The US military shot down four Iranian drones and attacked a ground control station in Bandar Abbas, while Iran retaliated by striking an American airbase in Kuwait. This escalation has led to a significant decline in Bitcoin's price.

user avatarLeo van der Veen

Charles Hoskinson Shifts Focus to Cardano Following Clinic Closure

chest

Charles Hoskinson announced the closure of his family-backed medical clinic in Wyoming, emphasizing a shift in focus towards Cardano and other crypto projects.

user avatarAisha Farooq

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.