According to Foresight News , according to The Block, the lawyers of Celsius' former CEO Alex Mashinsky have applied to the court to subpoena six witnesses who have worked in the company, including the chief financial officer and chief revenue officer. The government has notified the defense that its current position is to sentence Alex Mashinsky to 115 years in prison in accordance with the sentencing guidelines.
Previously, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Celsius and Alex Mashinsky in July 2023, accusing them of raising billions through fraudulent and unregistered cryptocurrency sales, repeatedly lying to investors about Celsius's financial condition, and manipulating the price of the native token CEL.
