The U.S. government is seeking to forfeit $1.07 million in assets ahead of sentencing for the former Celsius executive.

According to Huoxun Finance, the U.S. Attorney's Office for the Southern District of New York disclosed in court documents that Roni Cohen-Pavon, former Chief Revenue Officer of the now-defunct cryptocurrency lending platform Celsius, agreed to a $1.07 million forfeiture judgment, corresponding to the proceeds of his criminal activities. Cohen-Pavon pleaded guilty in September 2023 to charges of fraud related to the CEL token and conspiracy to manipulate prices. He will be sentenced this Thursday. His lawyers are requesting a sentence already served, citing his cooperation with the government investigation and his role in the guilty plea case of former Celsius CEO Alex Mashinsky. Mashinsky was sentenced to 12 years in prison in May 2025 for commodity and securities fraud and agreed to forfeit over $48 million. In a letter to the judge, Cohen-Pavon stated that he takes full responsibility for the manipulation of the CEL token. In another case, a judge ordered the use of $10 million in assets associated with former FTX CEO Sam Bankman-Fried to enforce a forfeiture agreement. Bankman-Fried was sentenced to 25 years in prison and fined over $11 billion for defrauding FTX users and investors, and his appeal is still pending.