PANews reported on November 12 that according to Cointelegraph, Alex Mashinsky, the former CEO of the crypto platform Celsius, is facing criminal charges in the United States. His representative lawyers have lost the case and failed to withdraw two charges related to commodity fraud and manipulation of CEL token prices. In a document filed with the United States Federal Court for the Southern District of New York on November 8, Judge John Koeltl ruled that Mashinsky's legal team's arguments to withdraw the charges were "either irrelevant or unfounded." The judge rejected the motion to withdraw the two charges, leaving seven charges in the indictment against Mashinsky, and the trial is scheduled to begin in January 2025.