Fun

News Feed - 2023-07-26 04:07:48

Turner Wright4 hours agoJudge gives US prosecutors until Oct. 3 for discovery in case against Alex MashinskyU.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”1698 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksAttorneys with the United States Department of Justice have extra time to make discovery and give former Celsius CEO Alex Mashinsky’s defense team time to review related documents.


In a July 25 order, U.S. District Judge John Koeltl said he would exclude the time between July 25 and Oct. 3 from Speedy Trial Act calculations — the law which requires a federal criminal trial to begin within 70 days of an indictment being filed. He cited the “volume of discovery” as well as the “complexity of the case” against the former Celsius CEO.


“The Court finds that the ends of justice served by granting the continuance outweigh the best interest of the defendant and the public in a speedy trial,” said Koeltl.


The law requires prosecutors to largely disclose any information “favorable to an accused” that is "material either to guilt or to punishment” to Mashinsky’s legal team. The Oct. 3 conference will place Mashinsky in a New York courtroom just one day after the start of the trial against former FTX CEO Sam Bankman-Fried, who has been charged in the same district.


Related:What criminal charges for Celsius ex-CEO mean for crypto industry


Celsius filed for Chapter 11 bankruptcy in July 2022, weeks after the platform announced it would pause all withdrawals without providing a definitive timeline for their return. Mashinsky resigned as CEO in September 2022.


U.S. authorities charged and arrested Mashinsky on July 13 with securities fraud, commodities fraud and wire fraud related to allegedly defrauding customers and misleading them about certain information on Celsius’ business practices. The former Celsius CEO has pleaded not guilty to all charges and has been released on a $40 million bond.


The judge has yet to set a trial date for the former Celsius CEO’s criminal case. The fraud charges came in parallel to a complaint filed by the Commodity Futures Trading Commission against Mashinsky. The Securities and Exchange Commission has also filed its own civil suit against the former CEO, while the Federal Trade Commission announced it had issued a $4.7 billion fine to Celsius in July.


Magazine:XRP is not a security, Celsius CEO arrested on criminal charges, and more: Hodler’s Digest, July 9-15# Law# United States# Crimes# Regulation# CelsiusAdd reactionAdd reactionRelated NewsWhat is profit and loss (PnL) and how to calculate itAI opens doors for NFT artist Ellie Pritts at bitforms gallery in NYCUS law protects institutions and exposes retail investors — Rep. TorresCFTC case against Digitex futures exchange and CEO results in $16M court orderUS Attorney’s Office announces criminal fraud charges against Alex MashinskyEverything that’s happened with Celsius and Alex Mashinsky so far

News Feed

Goldman Sachs to launch 3 new tokenization products this year: Report
Alex O’Donnell6 hours agoGoldman Sachs to launch 3 new tokenization products this year: ReportThe products could include an RWA marketplace and will focus on the United States and Europe.4284 Total views4 Total sharesL
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for i
Bitcoin Flashes ‘Death Cross’ Amid Tariff-Induced Market Turmoil – Is Further Decline Inevitable?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Fortune Unicorn Club (FUC), the First DIY-Mint Method NFT Project, Has Won 2 Million in Funding in the ForChain Labs’ Seed Round
Fortune Unicorn Club (FUC), the First DIY-Mint Method NFT Project, Has Won 2 Million in Funding in the ForChain Labs" Seed Round press release PRESS RELEASE.ForChain Labs was founde
Game Developers GSC Game World and Ubisoft Face Backlash About NFT Inclusion
Game Developers GSC Game World and Ubisoft Face Backlash About NFT Inclusion GSC Game World and Ubisoft, two game development companies, are dealing with backlash about the inclusi
Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet
Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet Zimbabwean crypto and economic experts have suggested Finance Minister Mthuli Ncube’s positive
Brayden Lindrea8 hours agoMarathon, Riot among most overvalued Bitcoin mining stocks: ReportBitcoin mining analyst Jaran Mellerud said there are “better-priced opportunities” that could even out the valuation discrep
Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin
Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge "May Hold Positions" in Bitcoin In a filing registered with the U.S. Securities and Exchange Commission (
Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June
Jesse Coghlan1 hour agoBitcoin ETFs sucked up 2 months of BTC mining supply in first week of JuneIn the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month o
Zhiyuan Sun3 hours agoZero-knowledge tech development heats up amid bear marketThe intersection of ZK proofs and multichain bridges has become one of the industry"s more intriguing development.385 Total views13 Total sha
Derek Andersen6 hours agoEthics watchdog rats out Circle for links to Tron in letter to Sens. Warren, BrownThe Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financin
Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France
Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France Police in Israel have detained three suspects who allegedly laundered millions of euros stolen from the Fre