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International Business Times
International Business Times
Business
Nica Osorio

Ex-Celsius CEO Fights To Dismiss Charges; Legal Team Reportedly Abandons Ship Over Non-Payment?

Celsius Alex Mashinsky United States Firm Crypto Bitcoin

KEY POINTS

  • Mashinsky stepped down from his post as CEO in September 2022
  • He was indicted with seven felony counts, including securities fraud, conspiracy to commit fraud and wire fraud in July 2023
  • Mashinsky's trial is set in September 2024

Alex Mashinsky, previously at the helm of the now-bankrupt crypto lending company Celsius, found himself entangled in a challenging legal situation. As he petitioned for the court to dismiss two charges against him, Yankwitt LLP, the New York-based trial and litigation firm representing him allegedly submitted a motion to withdraw its representation citing non-payment.

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