Roni Cohen-Pavon, the former Chief Revenue Officer of Celsius, has agreed to forfeit $1.07 million ahead of his sentencing, according to court filings by U.S. Attorney Jay Clayton. Cohen-Pavon, who pleaded guilty to fraud and conspiracy charges related to manipulating the price of Celsius's CEL token, is set to be sentenced this Thursday. Prosecutors have not recommended a specific sentence but have highlighted his "substantial assistance" in the case. The forfeiture amount is linked to proceeds from Cohen-Pavon's criminal activities. Any cash or crypto assets he has already paid in connection with the Celsius bankruptcy may be credited toward this amount, as per the filings.
Former Celsius Executive to Forfeit $1.07 Million Before Sentencing
Share to:
This content is for informational purposes only and does not constitute investment advice.
Recommended Reading
2026-05-14 10:16
Former Celsius Executive to Forfeit $1.07 Million Before Sentencing
2026-05-14 10:10
Bank of England to Open Systemic Stablecoin Applications by Year-End
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.