TechFlow news, October 24 — According to Cointelegraph, on October 23, 2024, U.S. District Judge John Koeltl for the Southern District of New York ordered former Celsius CEO Alex Mashinsky to appear in court again on November 13. The hearing aims to "preserve testimony" and address Mashinsky's motion to dismiss certain charges.
Mashinsky was arrested in July 2023 and faces seven felony counts, including securities fraud, commodities fraud, and manipulation of the CEL token price. He has pleaded not guilty to all charges. Prosecutors allege that Mashinsky misled users and illegally manipulated the CEL token price, profiting approximately $42 million.
In September, Mashinsky’s defense team filed a request to "preserve the testimony of six key witnesses residing outside the United States," including former Chief Revenue Officer Cohen-Pavon. Mashinsky’s attorneys stated that five of the witnesses "ignored or disregarded his explicit instructions" by excessively purchasing CEL tokens on the FTX exchange during 2021.
