Alex Mashinsky, founder and former chief executive office of crypto lender Celsius, sought to have the Federal Trade Commission (FTC) drop its case against him in a Monday court filing.
Celsius filed for bankruptcy last year as the crypto winter set in, and Mashinsky was arrested in July following a joint move by the consumer-protection body, the Department of Justice, and securities and commodities regulators .
He has previously pleaded not guilty to multiple counts of fraud and manipulating the price of the CEL token, charges his lawyers have said are “baseless.” Now they say the court should also dismiss FTC claims that he misled investors.
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