Former Celsius executive agrees to forfeit $1.07 million and will face sentencing

Foresight News reported, citing Cointelegraph, that former Celsius Chief Revenue Officer Roni Cohen-Pavon has agreed to forfeit approximately $1.07 million as part of his plea agreement. Previously, he pleaded guilty to conspiracy to commit CEL token fraud and price manipulation and is scheduled to be sentenced on May 15. In a letter to the judge, he stated, "I plead guilty because I am guilty... I take full responsibility for manipulating the CEL token."

Prosecutors stated that Roni Cohen-Pavon has agreed to forfeit this amount, representing his criminal proceeds. Former Celsius CEO Alex Mashinsky was sentenced in May 2025 to 12 years in prison and agreed to forfeit more than $48 million.