PANews reported on December 11 that according to Cointelegraph, Roni Cohen-Pavon, the former chief revenue officer of Celsius, a crypto lending platform, will not be sentenced on December 11 because former CEO Alex Mashinsky reached an agreement with US prosecutors. In a document submitted to the United States District Court for the Southern District of New York on December 9, Judge John Koeltl approved the request of US prosecutor Damian Williams to cancel Cohen-Pavon's sentencing hearing until after Mashinsky's sentencing hearing in April 2025. Williams stated that the information provided by Cohen-Pavon "may be relevant at Mashinsky's sentencing hearing."
John Koeltl ordered both parties to report back ten days after Mashinsky's scheduled hearing, on April 18, 2025. He can decide whether to send the former Celsius executive to prison after Cohen-Pavon pleaded guilty to four felony charges. The decision came after Mashinsky unexpectedly agreed to plead guilty to two charges on Dec. 3 as part of a deal he struck with prosecutors. If the court imposes the maximum sentence on both charges and those sentences run consecutively, he could face up to 30 years in prison.
