TechFlow reports that Roni Cohen-Pavon, former Chief Revenue Officer of the now-bankrupt crypto lending firm Celsius Network, has pleaded guilty to four criminal charges, including manipulating the price of the platform's Cel token. According to a copy of the plea agreement, Roni has agreed to cooperate with the U.S. Attorney’s Office for Manhattan and the Federal Bureau of Investigation, and will testify in court when requested.
Roni Cohen-Pavon and former CEO and co-founder Alex Mashinsky were charged in July with market manipulation and wire fraud for artificially inflating the value of Cel and then cashing out their personal holdings before Celsius collapsed in July 2022.
Prosecutors say Mashinsky made approximately $42 million in profits from his sales. Mashinsky has pleaded not guilty and was released on a $40 million bail.
