Push for Delay in Sentencing for Former Celsius CEO

Former Celsius CEO Alex Mashinsky’s lawyers have requested a delay in his sentencing after he pleaded guilty to criminal charges related to commodities fraud.

In a court filing dated Wednesday, Mashinsky’s defense team requested to push back the sentencing date from April 8 to May 8, 2025. They emphasized the need for additional time to prepare a thorough sentencing submission, which would outline Mashinsky’s perspectives on his offense and other relevant factors for the Court’s consideration.

Mashinsky, aged 59, entered a guilty plea in December for two charges linked to his role in defrauding customers of Celsius, a crypto lending platform that offered interest on deposits and loan services. He was arrested in 2023 after prosecutors accused him of misleading clients about the company’s financial health.

Celsius had filed for bankruptcy in 2022 and concluded its operations early this year. Some of the funds from the liquidation were allocated to establish a new bitcoin mining venture, Ionic Digital.

While Mashinsky’s lawyers noted that prosecutors opposed the delay, they expressed willingness to allow a one-week postponement of the sentencing date. According to the court filing, the government considers the request for a full delay to be premature.