Alex Mashinsky, the former CEO of Celsius, will appear in a New York court on November 13.
He will discuss his motion to dismiss several charges, including commodities fraud and market manipulation. This marks his first court appearance in months, with a jury trial scheduled to start on January 28.
Mashinsky was arrested in July 2023 and faces seven felony counts, accused of manipulating the CEL token’s price and misleading investors.
He has maintained his innocence regarding all charges. His former chief revenue officer, Roni Cohen-Pavon, has pleaded guilty and is awaiting sentencing.
The upcoming hearing may also address Mashinsky’s request to secure testimony from six witnesses living outside the U.S. His attorneys argue these witnesses ignored his instructions on CEL token sales and instead bought more tokens on the FTX exchange during 2021.
Celsius, which filed for bankruptcy in July 2022, is currently in the process of repaying creditors, while Mashinsky also faces civil actions from the U.S. SEC and CFTC.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.