{"id":598968,"date":"2026-05-13T17:18:40","date_gmt":"2026-05-13T17:18:40","guid":{"rendered":"https:\/\/Blockchain.News\/news\/us-forfeiture-celsius-cohen-pavon"},"modified":"2026-05-13T17:18:40","modified_gmt":"2026-05-13T17:18:40","slug":"us-seeks-1m-forfeiture-from-ex-celsius-exec-roni-cohen-pavon","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/05\/13\/us-seeks-1m-forfeiture-from-ex-celsius-exec-roni-cohen-pavon\/","title":{"rendered":"US Seeks $1M Forfeiture from Ex-Celsius Exec Roni Cohen-Pavon"},"content":{"rendered":"
\n

Iris Coleman<\/a> May 13, 2026 17:18<\/span> <\/p>\n

Roni Cohen-Pavon, ex-Celsius CRO, faces $1M forfeiture tied to fraud before sentencing, following his guilty plea in 2023.<\/p>\n

\"US <\/a> <\/figure>\n

The U.S. government is seeking a $1.07 million forfeiture from Roni Cohen-Pavon, the former chief revenue officer of Celsius Network, as part of his criminal case ahead of sentencing. Cohen-Pavon pleaded guilty to fraud and market manipulation related to Celsius’s CEL token in September 2023 and is scheduled for sentencing this Thursday in the Southern District of New York.<\/p>\n

Federal prosecutors outlined the forfeiture request in a court filing, stating the amount represents proceeds traceable to Cohen-Pavon\u2019s criminal activities. They also noted he could receive credit for any funds he holds on Celsius\u2019s platform as part of its ongoing bankruptcy case. Cohen-Pavon\u2019s cooperation with authorities could play a role in determining his sentence, as prosecutors have asked the judge to consider guidelines for a potential sentencing reduction due to his assistance.<\/p>\n

Cohen-Pavon has openly acknowledged his role in manipulating the CEL token. In a letter to Judge John Koeltl, he stated, \u201cI pleaded guilty because I am guilty. I participated in the manipulation of the CEL token. I did not stop it when I should have, and I did not leave when I could have. I take full responsibility for that.\u201d His legal team has requested a sentence of time served, citing his cooperation and its connection to the guilty plea of Celsius founder Alex Mashinsky.<\/p>\n

The downfall of Celsius in 2022 was one of the major collapses in the crypto sector, following the Terra ecosystem implosion. Celsius\u2019s bankruptcy, along with high-profile cases like FTX, marked a turbulent year for the industry. Mashinsky, Celsius\u2019s former CEO, was sentenced to 12 years in prison in 2025 after admitting to securities and commodities fraud. He also agreed to a $48 million forfeiture as part of his plea deal.<\/p>\n

This case underscores the increasing accountability being enforced in the crypto space as regulators and courts crack down on fraudulent activity. Cohen-Pavon\u2019s sentencing this week will add another chapter to the Celsius saga, with implications for both the individuals involved and the broader crypto sector\u2019s regulatory landscape.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Iris Coleman May 13, 2026 17:18 Roni Cohen-Pavon, ex-Celsius CRO, faces $1M forfeiture tied to fraud before sentencing, following his guilty plea in 2023. The U.S. government is seeking a $1.07 million forfeiture from Roni Cohen-Pavon, the former chief revenue officer of Celsius Network, as part of his criminal case ahead of sentencing. Cohen-Pavon pleaded […]<\/p>\n","protected":false},"author":1,"featured_media":598969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[1078,4618,18979,25,24992],"class_list":{"0":"post-598968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-celsius","9":"tag-crypto-fraud","10":"tag-forfeiture","11":"tag-news","12":"tag-roni-cohen-pavon"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/598968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=598968"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/598968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/598969"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=598968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=598968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=598968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}