TechFlow news, according to CoinDesk, court documents released on Tuesday show that the bank and real estate assets of former Celsius CEO Alex Mashinsky have been ordered frozen as part of a pre-trial criminal proceeding.
In July, Mashinsky, co-founder of the lending platform, was arrested on multiple charges including securities fraud and manipulation of the company's CEL token. He has pleaded not guilty, with his lawyers calling the charges baseless. Mashinsky was later released on $40 million bail.
The court documents state that on August 16, New York Judge Jed Rakoff issued an order prohibiting financial institutions from selling assets held in certain Goldman Sachs bank accounts under the name Koala LLC, as well as a residential property in Austin, Texas. The order, initially sealed due to concerns that the accounts might be drained before being frozen, has now been made public.
