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Celsius' former exec has completed their prison term, while Tornado Cash co-founder faces retrial
Recently, U.S. Federal Court Judge John Koeltl ruled that Roni Cohen-Pavon, the former Chief Revenue Officer of crypto lending platform Celsius, has completed their three-year prison term and does not require additional incarceration, but will be under supervised release for one year.
Back in September 2023, Cohen-Pavon was arrested for manipulating the price of CEL tokens and platform fraud, initially denying four counts of fraud and conspiracy, but changed their plea to guilty about a week later.
Cohen-Pavon and former CEO Alex Mashinsky were indicted in July 2023, after Celsius collapsed in 2022, resulting in billions of dollars lost for investors and users.
Cohen-Pavon, an Israeli citizen, was outside the U.S. at the time of the indictment and later returned to the U.S. to face charges. In September 2023, they were released on a $500,000 bail and can travel freely under certain conditions.
With Cohen-Pavon's sentencing wrapped up and Alex Mashinsky already serving a 12-year sentence after pleading guilty, the criminal cases related to Celsius are essentially coming to a close.
Mashinsky was ordered to pay $48 million in forfeitures, while Cohen-Pavon agreed to pay over $1 million and a $40,000 fine.
Before the sentencing, Cohen-Pavon wrote to the judge expressing that regardless of the court's decision, they will strive for the rest of their life to be the husband, father, and man their family originally hoped for.
Meanwhile, the judicial proceedings for Tornado Cash co-founder Roman Storm are still ongoing.
Last year, after the jury could not reach a unanimous verdict on two counts against Storm, the prosecution requested the judge to schedule a retrial in October for the money laundering and conspiracy to violate sanctions charges.
Storm is currently under a $2 million bail, restricted to activities in parts of New York, Washington, and California, though the judge has approved his travel to California for his niece's high school graduation ceremony.
#Celsius #TornadoCash
Recently, U.S. Federal Court Judge John Koeltl ruled that Roni Cohen-Pavon, the former Chief Revenue Officer of crypto lending platform Celsius, has completed their three-year prison term and does not require additional incarceration, but will be under supervised release for one year.
Back in September 2023, Cohen-Pavon was arrested for manipulating the price of CEL tokens and platform fraud, initially denying four counts of fraud and conspiracy, but changed their plea to guilty about a week later.
Cohen-Pavon and former CEO Alex Mashinsky were indicted in July 2023, after Celsius collapsed in 2022, resulting in billions of dollars lost for investors and users.
Cohen-Pavon, an Israeli citizen, was outside the U.S. at the time of the indictment and later returned to the U.S. to face charges. In September 2023, they were released on a $500,000 bail and can travel freely under certain conditions.
With Cohen-Pavon's sentencing wrapped up and Alex Mashinsky already serving a 12-year sentence after pleading guilty, the criminal cases related to Celsius are essentially coming to a close.
Mashinsky was ordered to pay $48 million in forfeitures, while Cohen-Pavon agreed to pay over $1 million and a $40,000 fine.
Before the sentencing, Cohen-Pavon wrote to the judge expressing that regardless of the court's decision, they will strive for the rest of their life to be the husband, father, and man their family originally hoped for.
Meanwhile, the judicial proceedings for Tornado Cash co-founder Roman Storm are still ongoing.
Last year, after the jury could not reach a unanimous verdict on two counts against Storm, the prosecution requested the judge to schedule a retrial in October for the money laundering and conspiracy to violate sanctions charges.
Storm is currently under a $2 million bail, restricted to activities in parts of New York, Washington, and California, though the judge has approved his travel to California for his niece's high school graduation ceremony.
#Celsius #TornadoCash
$SOL $BTC WARNING ⚠️
He Put His Farm, His Loan, and His Life Savings Into Crypto. Then It Was Gone.
I keep seeing posts like the one below. “Don’t invest money you can’t afford to lose.”
Sounds obvious. But people still do it.
In 2022, when crypto lender Celsius collapsed, hundreds of people sent letters to the bankruptcy court. The stories are brutal.
One guy put *$525,000 he got from a government loan* into Celsius because it promised 18% interest.
An 84-year-old widow lost *$30,000 – her entire savings* – that she’d put there for “safe” passive income.
An Irish farmer said he was at risk of losing his farm.
One client wrote: _“By the time I finished the email, I had collapsed onto the floor with my head in my hands and I fought back tears”_.
Others said they had suicidal thoughts after losing everything.
Celsius told them for weeks: “We’re fine. We have the best risk management”.
Then on June 12, they froze all withdrawals. Money gone overnight.
The lesson isn’t “crypto is bad.”
The lesson is: *When you use rent money, loan money, or your kid’s college fund to chase 100x, you’re not investing. You’re gambling with your life.*
Crypto doesn’t care about your plans. One freeze, one crash, one liquidation cascade, and it’s over.
If you’re in crypto right now, ask yourself:
If this went to zero tomorrow, would I still be okay?
If the answer is no, you’ve got too much in.
Don’t let your dream become the reason you lose your real life.
#Crypto #RiskManagement #Celsius #bitcoin #Investing
He Put His Farm, His Loan, and His Life Savings Into Crypto. Then It Was Gone.
I keep seeing posts like the one below. “Don’t invest money you can’t afford to lose.”
Sounds obvious. But people still do it.
In 2022, when crypto lender Celsius collapsed, hundreds of people sent letters to the bankruptcy court. The stories are brutal.
One guy put *$525,000 he got from a government loan* into Celsius because it promised 18% interest.
An 84-year-old widow lost *$30,000 – her entire savings* – that she’d put there for “safe” passive income.
An Irish farmer said he was at risk of losing his farm.
One client wrote: _“By the time I finished the email, I had collapsed onto the floor with my head in my hands and I fought back tears”_.
Others said they had suicidal thoughts after losing everything.
Celsius told them for weeks: “We’re fine. We have the best risk management”.
Then on June 12, they froze all withdrawals. Money gone overnight.
The lesson isn’t “crypto is bad.”
The lesson is: *When you use rent money, loan money, or your kid’s college fund to chase 100x, you’re not investing. You’re gambling with your life.*
Crypto doesn’t care about your plans. One freeze, one crash, one liquidation cascade, and it’s over.
If you’re in crypto right now, ask yourself:
If this went to zero tomorrow, would I still be okay?
If the answer is no, you’ve got too much in.
Don’t let your dream become the reason you lose your real life.
#Crypto #RiskManagement #Celsius #bitcoin #Investing
CEL TOKEN MANIPULATION CASE REACHES $1.07M FORFEIT ⚡
A U.S. federal court ordered former Celsius CRO Roni Cohen‑Pavon to forfeit $1.07 million tied to alleged CEL token fraud and price‑manipulation. The sentencing is set for Thursday, following his September 2023 guilty plea. The same court also directed $1000X million of assets linked to ex‑FTX CEO Sam Bankman‑Freed to satisfy his forfeiture obligations.
The enforcement action underscores heightened regulatory scrutiny on crypto lending and token pricing practices, potentially prompting tighter compliance measures across platforms. Liquidity providers may reassess exposure to assets with recent governance concerns, while institutional participants watch for broader market sentiment shifts.
Not financial advice. Manage your risk.
#Crypto #Regulatio #Celsius #FTX #Compliance
🚀
A U.S. federal court ordered former Celsius CRO Roni Cohen‑Pavon to forfeit $1.07 million tied to alleged CEL token fraud and price‑manipulation. The sentencing is set for Thursday, following his September 2023 guilty plea. The same court also directed $1000X million of assets linked to ex‑FTX CEO Sam Bankman‑Freed to satisfy his forfeiture obligations.
The enforcement action underscores heightened regulatory scrutiny on crypto lending and token pricing practices, potentially prompting tighter compliance measures across platforms. Liquidity providers may reassess exposure to assets with recent governance concerns, while institutional participants watch for broader market sentiment shifts.
Not financial advice. Manage your risk.
#Crypto #Regulatio #Celsius #FTX #Compliance
🚀
CURRENCY CRISIS BLAZES THROUGH $CELO 💥
The U.S. Southern District of New York secured a $1.07 million forfeiture from former Celsius CRO Roni Cohen‑Pavon after his guilty plea on CEL token manipulation. Simultaneously, a judge ordered $1000X million of Sam Bankman‑Freed assets to satisfy his forfeiture, underscoring aggressive enforcement across crypto.
Institutional crackdown intensifies. Regulators zero in on token abuse, sending shockwaves through lending platforms. Market sentiment pivots as compliance risk spikes. Traders watch for spillover into related assets. Stay sharp, keep positions tight.
Not financial advice. Manage your risk.
#CryptoNews #Celsius #FTX #Regulatio #DeFi 🚀
The U.S. Southern District of New York secured a $1.07 million forfeiture from former Celsius CRO Roni Cohen‑Pavon after his guilty plea on CEL token manipulation. Simultaneously, a judge ordered $1000X million of Sam Bankman‑Freed assets to satisfy his forfeiture, underscoring aggressive enforcement across crypto.
Institutional crackdown intensifies. Regulators zero in on token abuse, sending shockwaves through lending platforms. Market sentiment pivots as compliance risk spikes. Traders watch for spillover into related assets. Stay sharp, keep positions tight.
Not financial advice. Manage your risk.
#CryptoNews #Celsius #FTX #Regulatio #DeFi 🚀
🚫 GAME OVER! ALEX MASHINSKY BANNED FROM CRYPTO FOREVER! 🛑💀
💥 THE DECISION:
Founder of Celsius Network is officially BANNED FOR LIFE from participating in any crypto business! 🚫🔒
💰 THE PENALTY:
- Ordered to pay $10 MILLION settlement to FTC 💸⚖️
- He can never hold a leadership role or promote financial products again!
📉 THE STORY:
Once a giant in the industry, now completely exiled!
The collapse of Celsius cost users billions, and now he pays the price! ⛓️⚖️
No coming back from this! 🚪👋
$FTT $LUNA
#Celsius #AlexMashinsky #FTC #Banned
💥 THE DECISION:
Founder of Celsius Network is officially BANNED FOR LIFE from participating in any crypto business! 🚫🔒
💰 THE PENALTY:
- Ordered to pay $10 MILLION settlement to FTC 💸⚖️
- He can never hold a leadership role or promote financial products again!
📉 THE STORY:
Once a giant in the industry, now completely exiled!
The collapse of Celsius cost users billions, and now he pays the price! ⛓️⚖️
No coming back from this! 🚪👋
$FTT $LUNA
#Celsius #AlexMashinsky #FTC #Banned
🚨 ALEX MASHINSKY JUST GOT BANNED FOR LIFE
Celsius founder. Face of the contagion. Now permanently barred from crypto by the FTC.
U.S. judge approved the settlement:
❌ Lifetime ban on promoting or marketing any crypto product
❌ $10M fine up front
❌ $4.72B judgment suspended — but reinstated instantly if he misrepresents his finances
This is how regulators write the ending.
Not just jail. Not just fines. A lifetime ban from the entire industry.
The message is crystal clear:
If you run a fraudulent crypto operation, you don't get a second act. Not as an advisor. Not as a founder. Not anywhere.
Mashinsky joins SBF in the Hall of Shame. No redemption arc. No comeback.
For the industry? Painful but necessary.
The bad actors get surgically removed. The survivors get cleaner air.
Celsius users got burned. Now they at least get the justice part.
#Celsius #AlexMashinsky #FTC #Crypto #Regulation
Celsius founder. Face of the contagion. Now permanently barred from crypto by the FTC.
U.S. judge approved the settlement:
❌ Lifetime ban on promoting or marketing any crypto product
❌ $10M fine up front
❌ $4.72B judgment suspended — but reinstated instantly if he misrepresents his finances
This is how regulators write the ending.
Not just jail. Not just fines. A lifetime ban from the entire industry.
The message is crystal clear:
If you run a fraudulent crypto operation, you don't get a second act. Not as an advisor. Not as a founder. Not anywhere.
Mashinsky joins SBF in the Hall of Shame. No redemption arc. No comeback.
For the industry? Painful but necessary.
The bad actors get surgically removed. The survivors get cleaner air.
Celsius users got burned. Now they at least get the justice part.
#Celsius #AlexMashinsky #FTC #Crypto #Regulation
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