US Attorney: Asking the Court to Dismiss Former Celsius CEO's Application to Revoke Conviction and Commute Sentence

According to Cointelegraph, according to Cointelegraph, the US Attorney's Office for the Southern District of New York urged the court in court documents to reject former Celsius CEO Alex Mashinsky's application to revoke the conviction and commutation of sentence, saying that his legal arguments were “unfounded.” Mashinsky was jailed for 144 months and fined $48 million in May 2025 for commodity fraud and securities fraud.

He told the court in May that he would defend himself. The motion was filed relating to FTX's and former colleague Roni Cohen-Pavon's charges, but prosecutors indicated that he had not submitted a sworn statement supporting the charges and requested the court to dismiss it without hearing. Cohen-Pavon has reached the end of his sentence for providing “substantial assistance.” Additionally, the CFTC permanently banned Mashinsky from trading in the commodity market in June, and the SEC's civil lawsuit against him is still ongoing, and the parties are in the “settlement discussions” phase.