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.
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.