- Roni Cohen-Pavon, former Celsius CRO, was sentenced to time served after pleading guilty to fraud and conspiracy charges.
- Cohen-Pavon was indicted alongside former CEO Alex Mashinsky, who is now serving a 12-year prison sentence.
- Tornado Cash co-founder Roman Storm faces a retrial after a deadlocked jury failed to reach a verdict on key charges.
A former Celsius Network executive was sentenced in a New York federal court this week, marking another milestone in the legal fallout from the platform’s collapse. Roni Cohen-Pavon, the former chief revenue officer, received a sentence of time served—nearly three years since his arrest—and one year of supervised release for his role in manipulating the price of Celsius’s CEL token. Consequently, his case concludes as the criminal proceedings against the failed crypto lender’s top brass wind down.
Cohen-Pavon was indicted in July 2023 alongside former CEO Alex Mashinsky following the 2022 collapse that caused billions in user losses. He initially pleaded not guilty but changed his plea to guilty about a week later, and prosecutors said he agreed to pay more than $1 million in forfeiture. Meanwhile, Mashinsky is serving a 12-year sentence and was ordered to pay $48 million.
In a related case, Tornado Cash co-founder Roman Storm faces a potential retrial. Prosecutors have requested an October retrial date after a jury deadlocked on money laundering and sanctions violation charges last year. However, a judge recently granted Storm permission to travel to California to attend a family graduation.
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