Celsius

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 <p class="is-style-lead">Former Celsius CEO Alex Mashinsky’s <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a> date has been set for Sept. 17, 2024 in a pre-<a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a> hearing on Oct. 3.</p> 
 <p>The news comes after a former colleague at Celsius Network, Roni Cohen-Pavon, pleaded guilty to <a rel="noopener noreferrer nofollow" title="fraud" href="https://thebittimes.com/tag/fraud.html">fraud</a> charges and agreed to work with prosecutors in the upcoming <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a>.</p> 
 <h2 class="wp-block-heading" id="upcoming-charges-of-fraud">Upcoming charges of fraud</h2> 
 <p>In July, Mashinsky was charged with securities fraud, wire fraud, commodities fraud, and the conspiracy to manipulate the value of the Celsius token, the crypto lender’s native token, to which he pleaded not guilty. The crypto lender had filed for&nbsp;bankruptcy last year when the firm collapsed with over a billion dollars in debt.</p> 
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    <p lang="en" dir="ltr">CRYPTIC CRYPTO: Celsius' Mashinsky Gets Trial Date of Sept 17, 2024 After Co-Defendant Cohen-Pavon Pled Guilty (with notably garbled allocution)- Inner City Press story: https://t.co/neOPzQ75pB More with photos &amp; quotes on @SubstackInc here https://t.co/bFwLcM43kK pic.twitter.com/2tms5kU1yI</p>— Inner City Press (@innercitypress) October 3, 2023 
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 <p>More recent estimates now suggest that the company owes 100,000 creditors, with assets and liabilities valued at anywhere from $1-$10 billion.</p> 
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 <p>At an earlier hearing before the US District Judge John Koeltl on Tuesday, defense lawyers for the case suggested that part of their defense strategy would be to consider if cryptocurrencies are securities.</p> 
 <p>The next pre-trial hearing is set for March 14, 2024.</p> 
 <h2 class="wp-block-heading" id="overshadowed-but-not-forgotten">Overshadowed but not forgotten</h2> 
 <p>Despite being a major development in the Mashinsky case, much of the financial industry has instead tuned into the case surrounding the FTX founder and former CEO Sam Bankman-Fried, who also went on <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a> on Oct. 3.</p> 
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 <p>SBF is currently facing seven charges on different accounts of <a rel="noopener noreferrer nofollow" title="fraud" href="https://thebittimes.com/tag/fraud.html">fraud</a> and money laundering in addition to securities <a rel="noopener noreferrer nofollow" title="fraud" href="https://thebittimes.com/tag/fraud.html">fraud</a> related to his activities as the CEO of FTX.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Alex Mashinsky seeks to drop FTC’s complaint entirely 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/mashinsky-s-trial-date-in-celsius-fraud-case-set-for-september-2024-tbt65007.html">https://thebittimes.com/mashinsky-s-trial-date-in-celsius-fraud-case-set-for-september-2024-tbt65007.html</a></p>

Mashinsky’s trial date in Celsius fraud case set for September 2024

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