Ex-Celsius CEO Alex Mashinsky seeks delayed prison sentencing
Quick Take
-
Lawyers for former Celsius CEO Alex Mashinsky asked for his sentencing to be pushed back a month from April 8 to May 8, 2025.
-
Mashinsky, 59, pleaded guilty in December for two of his criminal charges.
Former Celsius CEO Alex Mashinsky's lawyers asked for his sentencing to be pushed back after the former exec pleaded guilty to criminal charges.
In a court filing on Wednesday, lawyers for Mashinsky asked for his sentencing to be pushed back a month from April 8 to May 8, 2025.
"The defense wants to ensure that it has sufficient time to prepare a sentencing submission that accurately presents Mr. Mashinsky’s views on his offense conduct, along with the many other factors to be considered by the Court in weighing an appropriate sentence," they said in the filing in the U.S. District Court for the Southern District of New York.
Mashinsky, 59, pleaded guilty in December for two of his criminal charges, including commodities fraud. Mashinsky was arrested in 2023 after prosecutors said he defrauded customers and misled them about Celsius’ profitability. Celsius operated as a crypto lender that allowed customers to earn interest and take out loans.
The firm filed for bankruptcy in 2022 and was later wrapped up earlier this year. As part of Celsius' wind down, some funds were used to create a new bitcoin mining company called Ionic Digital.
Mashinsky's lawyers also say that prosecutors have said they are against Mashinsky's postponement, but were open to delaying the sentencing for a week.
"The Government objects to moving the sentencing date at this time and believes the request is premature," according to the court filing.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
