Alex Mashinsky seeks to drop FTC’s complaint entirely
Celsius Network CEO has asked the court to dismiss the complaint s by the US Federal Trade Commission (FTC) against him, claiming that he did not violate any law. Co-founder and former CEO of bankrupt crypto lending platform Celsius Network Alex Mashinsky’s lawyers, in a court filing on Sept. 11, argued that the FTC could not provide evidence for its allegation that the former Celsius boss is violating” or “about to violate” considering that Mashinsky already resigned from his CEO position. The filing, which included former chief technology officer Hanoch “Nuke” Goldstein’s motion to dismiss, claimed that the FTC did not make any allegations of breaking its rule, adding that the federal agency is “not entitled to monetary relief” based on the Federal Trade Commission Act (FTCA). Mashinsky’s lawyers also said that the FTC’s “allegations do not support a claim” that the Celsius CEO deliberately made a ...