The trial date for former Celsius CEO Alex Mashinsky on fraud charges has been set as September 17, 2024. 🏛️ US District Judge John Koeltl announced that there will be three preliminary hearings in March, July and September. Mashinsky remains free on $40 million bail, with electronic monitoring and restrictions on spending over $10,000. ⚖️

Mashinsky's lawyers stated that they may argue that cryptocurrencies are not securities as part of their defense strategy. This issue still remains a controversial legal issue in the United States. 🤔 Celsius creditors last month approved the company's restructuring plan, which envisages repayment through the distribution of Bitcoin and Ethereum, as well as shares in a new company that takes over some of its old businesses.