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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
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