BlockBeats report, on May 6, U.S. prosecutors recommended a reduced sentence for former Celsius executive Roni Cohen-Pavon due to his substantial cooperation. Cohen-Pavon, who served as Chief Revenue Officer of the now-bankrupt crypto lending platform Celsius, pleaded guilty in September 2023 to charges of fraud and conspiracy to manipulate the price of the CEL token, in connection with the 2022 collapse of Celsius that resulted in billions of dollars in losses.
In a letter submitted to the U.S. District Court for the Southern District of New York, U.S. Attorney Jay Clayton emphasized that Cohen-Pavon is willing to testify against former CEO Alex Mashinsky, and that the public disclosure of this cooperation is likely to prompt Mashinsky to plead guilty earlier. Mashinsky was already sentenced to 12 years in prison in May 2025. The prosecutor did not propose a specific sentence but requested the judge to consider the sentencing guidelines for “appropriate reduction.” Cohen-Pavon’s attorney, meanwhile, requested “time served,” asserting that he has accepted full responsibility. The originally scheduled sentencing hearing for May 7 has been postponed to May 13.