The former CEO of Celsius requests the judge to dismiss charges related to co...

Kabir903

Alex Mashinsky's lawyer has filed a motion in federal court requesting the judge to dismiss charges related to commodity fraud and market manipulation. According to a document submitted to the United States Southern District Federal Court in New York on January 12, Alex Mashinsky's legal team has filed a motion requesting the court to dismiss the two felony charges that the former CEO of Celsius might face in the trial scheduled for September 2024. According to the document, the second charge of commodity fraud is inconsistent and illogical with the first charge of securities fraud concerning ZF's handling of cryptocurrencies. Mashinsky's lawyers also argue that the court should dismiss the sixth charge of market manipulation due to a "lack of fair notice," claiming that the U.S. CFTC "created" criminal charges for a civil regulatory violation.

Kahn332

This accusation is something we need to look into.

Shri333

I wonder if the judge will grant their request.

Ritu13

The request seems to have been accepted.