Roni Cohen-Pavon, a former executive at the bankrupt cryptocurrency lender Celsius Network, pleaded guilty to criminal charges in the United States.
Notably, Cohen-Pavon has also agreed to collaborate with investigators in their ongoing investigation.
Cohen-Pavon Pleads Guilty
During a hearing held on Wednesday before U.S. District Judge John Koeltl in Manhattan, Cohen-Pavon confessed to four charges, including manipulating the crypto token CEL’s price, according to court records released on Thursday.
As part of his guilty plea, Cohen-Pavon has committed to assisting the U.S. attorney’s office in Manhattan and the FBI with their investigations. Additionally, he is willing to testify in court if required, as detailed in his plea agreement.
Given Cohen-Pavon’s cooperation, prosecutors may ask Judge Koeltl to consider it during his Dec. 11, 2024, sentencing, which may have significant implications for the ongoing investigation into cryptocurrency market manipulation.
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