According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.
A New York court has set the criminal trial for former Celsius Network CEO Alex Mashinsky to begin on Sept. 17, 2024.
In an Oct. 3 hearing in United States District Court for the Southern District of New York, Judge John Koeltl said Mashinsky’s criminal trial was scheduled for September 2024, with three pretrial conferences in March, July, and September. The former Celsius CEO will remain free on $40-million bail through the legal proceedings, though his travel and certain financial transactions are still largely restricted.
The hearing marked some of the first movements in Mashinsky’s criminal case since his arrest in July. Authorities have alleged the former CEO misled Celsius investors and defrauded users out of billions of dollars. In September, the court froze many of Mashinsky’s assets including bank accounts and property.
This is a developing story, and further information will be added as it becomes available.
