Lawyers representing Alex Mashinsky, the ex-CEO of Celsius, are unsuccessful in their attempt to dismiss charges of commodities fraud and price manipulation of the CEL token. The US District Court for the Southern District of New York denied the motion, leaving seven counts for trial in January 2025. Mashinsky's defense argued that the charges were inconsistent and lacked clarity. They also requested to exclude information about Celsius' bankruptcy from the case, which the judge postponed ruling on. Additionally, Mashinsky's legal team sought permission to question potential jurors about their knowledge of FTX, a defunct exchange. Mashinsky, facing seven felony charges since July 2023, maintains his innocence and is out on bond. His former colleague, Roni Cohen-Pavon, initially pleaded not guilty but later changed to guilty and awaits sentencing. The legal battle continues as both individuals navigate the complexities of the legal system. Read more AI-generated news on: https://app.chaingpt.org/news