Friends in the blockchain industry, the latest news is here! A New York court has set the criminal trial of former Celsius Network CEO Alex Marcinski to begin on September 17, 2024. 📅

Judge John Coltel said during a hearing in the U.S. District Court for the Southern District of New York that Masinski's criminal trial will be held in September 2024, after the previous trials in March, July and September. There will be three pretrial conferences. 👨‍⚖️

While Masinski's travel and certain financial transactions remain significantly restricted, the former Celsius CEO will be free on $40 million bail through legal proceedings. 💰

The hearing marked the first development in Masinski's criminal case since his arrest in July. Authorities accuse the former CEO of misleading Celsius investors and defrauding users of billions of dollars. In September, the court froze many of Masinski's assets, including bank accounts and property. ❄️

This is a developing story and we will continue to monitor and bring you more information as it becomes available. Stay tuned! 🔍