Roni Cohen-Pavon's sentencing has been postponed following Alex Mashinsky's plea deal with prosecutors, with a new date set for April 18, 2025. Cohen-Pavon, who pleaded guilty to multiple felony charges, may provide information relevant to Mashinsky's sentencing, where he faces up to 30 years in prison. Both were indicted for misleading Celsius users and profiting from price manipulation amid the platform's bankruptcy.
Alex Mashinsky, founder of the bankrupt crypto lender Celsius, pleaded guilty to two counts of fraud, admitting to misleading customers about the use of their funds and manipulating a crypto token for personal gain. He faces a maximum sentence of 30 years in prison and has agreed to forfeit $48 million. Celsius, which once held $25 billion in assets, collapsed following the Terra Luna stablecoin failure, leading to a bankruptcy that trapped $4.7 billion of customer funds.
Damian Williams, the Manhattan US Attorney known for his role in overseeing Wall Street, will resign on December 13 after three years in office. His departure comes as Donald Trump prepares to return to the White House, with Deputy US Attorney Edward Kim set to take over temporarily.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
