Former Celsius CEO Alex Mashinsky files motion to vacate sentence, alleging FTX’s Bankman-Fried orchestrated market manipulation of CEL tokens.
Alex Mashinsky, ex-CEO of bankrupt crypto lender Celsius, filed a motion to vacate his sentence after his legal team withdrew. The motion accuses former FTX CEO Sam Bankman-Fried of attempting to “destroy Celsius” through market manipulation of the platform’s CEL tokens, citing text messages with Celsius’ former chief revenue officer Roni Cohen-Pavon as evidence of a “hostile takeover.”