According to Cointelegraph, former Celsius Chief Revenue Officer Roni Cohen-Pavon was allowed to travel to Singapore to attend the Token2049 conference from September 16 to 20 after pleading guilty. Cohen-Pavon was indicted for helping to manipulate the price of CEL tokens to make a profit of approximately $3.6 million.
U.S. Southern District Court Judge John Koeltl approved Cohen-Pavon's travel request. Cohen-Pavon's bail conditions allow him to travel between Israel and the Southern and Eastern Districts of New York.
Cohen-Pavon was arrested in September 2023 and released on $500,000 bail. He is scheduled to be sentenced on December 11. Former Celsius CEO Alex Mashinsky was also arrested on similar charges and is scheduled to go to trial in January 2025.
Mashinsky’s lawyers filed documents on Sept. 14 seeking to preserve the testimony of six key witnesses, including Cohen-Pavon, who are accused of buying excessive amounts of CEL tokens in 2021 in violation of instructions.
Celsius filed for bankruptcy protection in July 2022 and began paying creditors in August 2024. The company also faces civil cases from the Commodity Futures Trading Commission and the Securities and Exchange Commission.