PANews reported on May 14th that, according to Cointelegraph, Roni Cohen-Pavon, former chief revenue officer of the defunct cryptocurrency lending platform Celsius, will surrender over $1 million in assets under a forfeiture order from U.S. authorities ahead of his sentencing hearing. Jay Cohen, the U.S. Attorney for the Southern District of New York, stated that Cohen-Pavon has agreed to a $1.07 million sentence, representing funds traceable back to his criminal proceeds; any cash or cryptocurrency funds he held on the Celsius platform can be included in the paid-out amount if they are part of his bankruptcy proceedings.

In April of this year, Cohen-Pavon's lawyers requested the court to base his sentence on the time he had already served, arguing that he had cooperated with the government and may have played a role in Mashinsky's guilty plea. The lawyers stated that Cohen-Pavon "takes full responsibility for his actions."