Alex Mashinsky Seeks Sentencing Delay in Fraud Case

Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius, has requested a one-month delay in his sentencing, moving it from April 8 to May 8, 2025.

In a court filing on Wednesday, Mashinsky’s legal team argued that additional time is needed to prepare a comprehensive sentencing submission that accurately reflects his perspective on the case and other mitigating factors. The request was filed in the U.S. District Court for the Southern District of New York.

Mashinsky, 59, pleaded guilty in December to two criminal charges, including commodities fraud. Prosecutors allege he defrauded Celsius customers and misled them about the company’s financial stability. He was arrested in 2023, a year after Celsius collapsed and filed for bankruptcy. Following its wind-down, some of its assets were repurposed to launch Ionic Digital, a bitcoin mining company.

While Mashinsky’s lawyers seek a longer delay, prosecutors have opposed the request, stating it is premature. However, they have indicated a willingness to consider a shorter, one-week extension.

source: TheBlock