Alex Mashinsky appealed to the court to dismiss the FTC case
Crypto lender Celsius Network's founder and former CEO, Alex Mashinsky, has filed a new proposal in court, seeking the complete dismissal of the case brought against him by the United States Federal Trade Commission (FTC). Mashinsky's legal counsel argues that the allegations against him do not support the claim that he knowingly engaged in deception to obtain customer information from a financial institution. They contend that the charges do not meet the standards of the Gramm-Leach-Bliley Act. Furthermore, Mashinsky resigned from his CEO position at
Celsius on September 27, 2022, making it challenging to establish that he is currently violating or planning to violate the law. For more
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