Former Celsius exec released after being credited for time served

A U.S. court has released Roni Cohen-Pavon, a former executive at the bankrupt crypto lender Celsius, Cointelegraph reported. On May 13, the U.S. District Court for the Southern District of New York found Cohen-Pavon guilty of manipulating the price of the CEL token and platform fraud. However, the court credited him for time already served, sentencing him to one year of supervised release. The sentencing of Cohen-Pavon and former Celsius CEO Alex Mashinsky, who has already pleaded guilty and is serving a 12-year sentence, brings the criminal cases related to the company closer to a conclusion.