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Former Celsius exec Roni Cohen-Pavon sentenced to time served after aiding fraud case against ex-CEO Alex Mashinsky.

Market News
15 May 2026
Crypto news
View Source
Bearish
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Roni Cohen-Pavon, former chief revenue officer at Celsius, was sentenced to time served and one year of supervised release after pleading guilty to fraud and conspiracy charges related to Celsius's collapse. His cooperation with prosecutors helped advance the criminal case against former CEO Alex Mashinsky, who received a 12-year prison sentence for fraud. Cohen-Pavon admitted to inflating the value of Celsius's CEL token, contributing to billions in customer losses when Celsius froze withdrawals and declared bankruptcy in 2022. He also agreed to pay over $1 million in penalties. This case highlights ongoing legal consequences for those involved in the Celsius crypto lender's downfall.

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