According to U.S. prosecutors, on May 6, Roni Cohen-Pavon, former chief revenue officer of bankrupt crypto lending platform Celsius, received a sentencing recommendation for leniency due to his cooperation with authorities. Cohen-Pavon pleaded guilty in September 2023 to fraud and conspiracy to manipulate CEL token prices. Prosecutors emphasized his willingness to testify against former CEO Alex Mashinsky, whose cooperation may have prompted Mashinsky’s early guilty plea. Mashinsky was sentenced to 12 years in prison in May 2025. Cohen-Pavon’s sentencing hearing, originally scheduled for May 7, has been postponed to May 13.
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