BlockBeats News, May 14th. The U.S. Southern District of New York's Federal Prosecutor's Office stated in a court filing on Tuesday that the former Chief Revenue Officer of the defunct crypto lending platform Celsius, Roni Cohen-Pavon, has agreed to a $1.07 million forfeiture judgment, representing proceeds traceable to his criminal conduct. Cohen-Pavon, charged with CEL token-related fraud and price manipulation conspiracy at Celsius, pleaded guilty in September 2023 and is scheduled for sentencing this Thursday.

Cohen-Pavon's attorney had previously requested a sentence already served based on his cooperation agreement with the government and the role he may have played in former Celsius CEO Alex Mashinsky's plea. Mashinsky, sentenced to 12 years in prison for commodity and securities fraud in May 2025, agreed to forfeit over $48 million. In a letter to the judge, Cohen-Pavon stated: "I pled guilty because I am guilty. I participated in the manipulation of the CEL token. I could have stopped it and did not. I could have walked away and did not. I take full responsibility for this."

Additionally, on Thursday, Judge Lewis Kaplan of the same court ordered the use of $10 million in assets associated with former FTX CEO Sam Bankman-Fried to fulfill his forfeiture agreement. Bankman-Fried was sentenced to 25 years in prison and over $11 billion in fines for defrauding FTX users and investors. His appeal to overturn the conviction and sentencing is still pending.