Overview
- Former Celsius chief revenue officer Roni Cohen-Pavon was sentenced to time served and will be on supervised release for one year.
- He agreed to forfeit $1,070,000 and pay a $40,000 fine tied to gains from CEL token manipulation and fraud.
- Prosecutors asked the court to weigh cooperation discounts and to credit any funds he already returned through the Celsius bankruptcy.
- Cohen-Pavon pleaded guilty in September 2023 and admitted he joined efforts to prop up CEL, Celsius’s own token.
- Former CEO Alex Mashinsky was sentenced in May 2025 to 12 years and ordered to forfeit $48 million, showing SDNY’s push to recover money in major crypto failures.