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- 🍁 Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
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Post original content on Gate Square related to 0G or the ongoing campaigns (Earn, CandyDrop, or Contract Trading Competition) for a chance to share 200 USDT rewards!
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Roni Cohen-Pavon's Sentencing Pushed Back After Mashinsky Deal 🔄
Looks like Roni Cohen-Pavon won't face the music just yet. His sentencing got delayed beyond December 11. Why? Former Celsius CEO Alex Mashinsky cut a plea deal with prosecutors last month. Timing isn't random here 🧩
U.S. Attorney Damian Williams asked the Southern District Court to hold off. He wants Cohen-Pavon's sentencing to come after Mashinsky's April 2025 court date. Seems Cohen-Pavon might have some pretty valuable insights that could shape what happens to his former boss. Judge John Koeltl agreed. Green light for the delay 📅
The judge didn't just leave things hanging, though. Both sides need to show up on April 18, 2025 - ten days after Mashinsky learns his fate. This could be when Cohen-Pavon finally gets his sentence for those four felonies he admitted to. We'll see 🧑⚖️
Mashinsky's Guilty Plea Shakes Things Up 🎯
The whole situation took a turn on December 3. Kind of surprising. Mashinsky agreed to plead guilty to two major charges. If the judge goes hard, Mashinsky might spend up to 30 years locked away.
They got indicted together back in July 2023. The accusations? Misleading Celsius users. Manipulating prices. Making money at others' expense. Cohen-Pavon initially said "not guilty" after his September 2023 arrest. He changed his mind later. Admitted to everything - price manipulation conspiracy, wire fraud, securities stuff. The works 📊
Will Cohen-Pavon's Words Sink Mashinsky? 🔍
People are watching closely. Not entirely clear how Cohen-Pavon's testimony might hit Mashinsky's sentence. The former CEO already admitted some ugly truths - misleading users about regulations and hiding his CEL token sales. He's giving up $48 million in dirty profits from the scheme 💸
Cohen-Pavon's been living pretty freely while waiting. Posted $500,000 bond. Went back to Israel. Judge even let him travel to Singapore in September - right when a big crypto conference was happening there. Coincidence? Maybe not 🌏
Celsius went bankrupt in 2022. Users lost everything. Some light appeared in November when a judge approved a plan to give back around $2 billion to creditors. Payments start next year. Finally 🔗
This case? Just one in a growing pile of crypto executives facing prison time 🚨