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A US judge has dismissed the former Celsius CEO's request to dismiss allegations of fraud and manipulation.
Golden Finance reported that Alex Mashinsky, former CEO of the encryption platform Celsius, is facing criminal charges in the United States. His defense lawyer failed to dismiss the charges related to commodity fraud and manipulation of Celsius (CEL) Token price. Judge John Koeltl has filed a document with the United States Southern District Court in New York, ruling that the arguments made by Mashinsky’s legal team to dismiss the charges are either meaningless or baseless. The judge has denied the motion to dismiss the two charges, leaving seven charges in the indictment. The trial of Alex Mashinsky is scheduled to begin in January 2025.