According to Cointelegraph, a New York court has scheduled the criminal trial of former Celsius Network CEO Alex Mashinsky to begin on September 17, 2024. At an October 3 hearing at the U.S. District Court for the Southern District of New York, Judge John Koeltl said that Mashinsky's criminal trial will begin in September 2024, with three pre-trial conferences in March, July and September. During the legal process, the former Celsius CEO will continue to remain free on $40 million bail, although his travel and certain financial transactions remain strictly restricted. This is the first development in Mashinsky's criminal case since his arrest in July. Authorities accused the former CEO of misleading Celsius investors and defrauding users of billions of dollars. In September, the court froze many of Mashinsky's assets, including bank accounts and properties.