Former Celsius CEO Alex Mashinsky is asking a New York district court to dismiss the Federal Trade Commission's case against him.
The former executive says the case should be dismissed in part because the agency could not"substantiate a claim that Mashinsky 'is violating' or is 'about to violate' the law because Mashinsky resigned from his position as CEO of Celsius in September 27, 2023," lawyers for Mashinsky said in a courtThe FTC charged Celsius, Mashinsky and other co-founders including Shlomi Daniel Leon and Hanoch"Nuke" Goldstein in July for an array of charges including duping...
Celsius filed for bankruptcy last year and owes billions of dollars to investors, having caught the ire of two other regulators. In July, the Securities and Exchange Commission
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