On-Chain, In Court: What happened in crypto legal news this week
US authorities find an additional $10 million connected to Sam Bankman-Fried, the former CEO of Celsius ditches his legal team and a new law in Washington state bans crypto ATMs.
On Wednesday, lawyers representing Alex Mashinsky moved to withdraw as attorneys in the case, saying that the former Celsius CEO would be “proceeding pro se” — representing himself in court. Mashinsky was sentenced to 12 years in prison for his role in fraud and price manipulation at the crypto lending platform.
Source: PACER
Roni Cohen-Pavon, Celsius’ former chief revenue officer, is scheduled to be sentenced on May 13 after pleading guilty in September 2023. On May 4, US prosecutors recommended that the judge consider Cohen-Pavon’s “substantial assistance” to the government at sentencing, signaling leniency.