Former Celsius CEO Alex Mashinsky, who pleaded guilty to two felony charges, has requested a delay in his sentencing hearing from April 8 to May 8. In a filing made on February 5, Mashinsky's legal team stated that he was facing pressures from ongoing litigation in bankruptcy court and needed more time to prepare a thorough sentencing submission. The filing emphasized the importance of accurately representing his views on his conduct during the offense and other relevant factors for the court's consideration. Additionally, the prosecution has objected to this delay, as they have already provided victim impact statements to Mashinsky's lawyers. Following his guilty plea, Mashinsky had been charged with seven felony counts concerning fraud and manipulation of the price of Celsius’ CEL token, with a trial originally expected to commence in December 2024. Also implicated was Celsius’ former chief revenue officer, Roni Cohen-Pavon, who had previously pleaded guilty to four felony charges, though his sentencing has yet to be scheduled. The potential for prison time remains unclear for both Mashinsky and Cohen-Pavon, particularly given the sentencing trends for other notable figures in the cryptocurrency industry.

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