Celsius Exec’s Sentencing Pushed Back After Plea Deal

What Happened?

Roni Cohen-Pavon, a former Celsius executive, won’t be sentenced until after CEO Alex Mashinsky’s hearing in April 2025. Prosecutors believe Cohen-Pavon’s testimony could affect Mashinsky’s case.

Why It Matters

Cohen-Pavon admitted to crimes like securities fraud but remains free on bail, traveling between Israel and the U.S. Meanwhile, Mashinsky pleaded guilty to misleading Celsius users and could face 30 years in prison.

Celsius and Its Fallout

Celsius, once a top crypto lender, collapsed in 2022, leaving billions in user funds frozen. A court-approved plan aims to repay creditors $2 billion by 2025.

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