According to CoinDesk, court documents reveal that former Celsius CEO Alex Mashinsky's bank deposits and real estate assets have been frozen by a court order. This development comes after multiple lawsuits were filed against Celsius Network and Mashinsky by regulatory bodies, including the U.S. Securities and Exchange Commission (SEC), Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC).

Initially kept confidential due to concerns of potential asset depletion, the court order has now been unsealed. A federal judge has approved a modification to Mashinsky's bail conditions, which now include electronic monitoring and restrictions on large financial transactions. Under the new conditions, Mashinsky is restricted from withdrawing, transferring, or receiving more than $10,000 without prior court approval.

Mashinsky, who served as CEO of Celsius Network until September 2022, faces charges of securities fraud, commodities fraud, and wire fraud for allegedly misleading and defrauding users. He pleaded not guilty to all charges but was subject to significant travel restrictions as part of his bail conditions.