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2026-05-20 23:29:02

Manipulate token prices, then serve time in prison and pay the fees—it's over? The trust crisis in Web3 is far from over.

View Original

MeNews2026-05-20 23:09:52

Former Chief Revenue Officer of Celsius Sentenced to Regulatory Release

The Southern District of New York Federal Court has sentenced Celsius's former Chief Revenue Officer Roni Cohen-Pavon to time served and ordered him to be released under one year of supervised release. He admitted to fraud and manipulating the CEL token price, involving significant user losses after Celsius's collapse in 2022. According to the agreement, he must pay over $1 million in restitution and a $40k fine.

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