The US court will hold a sentencing hearing for former Celsius CEO Alex Mashinsky on May 8th (local time) regarding fraud charges. This follows his indictment by US securities authorities in July of last year. Mashinsky faces serious consequences after pleading guilty to two counts of fraud. The initial sentencing hearing was originally slated for April 8th, but was postponed at the request of his legal team, according to The Block. The charges stem from allegations of market manipulation and misleading investors regarding Celsius Network's financial health and business practices. The outcome of the sentencing hearing will significantly impact Mashinsky's future and serve as a benchmark for accountability in the cryptocurrency industry. The case highlights the importance of transparency and regulatory oversight in the evolving digital asset space. ```