U.S. prosecutors ask court to reject Celsius ex-CEO Alex Mashinsky's motion to overturn conviction and reduce sentence

Odaily Odaily News: The U.S. Attorney's Office for the Southern District of New York urged the court in a filing to reject Celsius former CEO Alex Mashinsky's motion to overturn his conviction and reduce his sentence, calling his legal arguments "meritless." Mashinsky was sentenced to 144 months in prison and fined $48 million in May 2025 on commodity fraud and securities fraud charges. He informed the court in May that he would represent himself, and the motion he submitted involved allegations related to FTX and former colleague Roni Cohen-Pavon. Prosecutors noted that Mashinsky failed to submit sworn declarations supporting the related allegations and requested the court dismiss the motion without a hearing. Cohen-Pavon, who provided "substantial assistance," has already served his full sentence.