Celsius Former CEO Mashinsky Files Motion to Overturn 12-Year Sentence

CEL6.42%
According to Cointelegraph, on May 30, Alex Mashinsky, former CEO of bankrupt cryptocurrency lending platform Celsius, filed a motion in New York court to overturn his 12-year sentence for fraud and market manipulation. In the motion, Mashinsky alleged that FTX founder Sam Bankman-Fried intended to destroy Celsius and manipulated the CEL token market. Mashinsky requested the judge dismiss any FTX trust claims and submitted text message records from Celsius former Chief Revenue Officer Roni Cohen-Pavon, alleging an attempted hostile takeover of the platform.
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