Does Mashinsky have a case against Celsius?

His attorney, Jonathan Ohring, said that Mashinsky “vehemently denies the allegations” and “looks forward to vigorously defending himself in court.” Celsius was one of several prominent crypto companies that imploded last year as the value of digital assets cratered, in some cases revealing signs of widespread fraud.

Did Mashinsky run Celsius as a risky investment fund?

“In truth, however, Mashinsky operated Celsius as a risky investment fund, taking in customer money under false and misleading pretenses and turning customers into unwitting investors in a business far riskier and far less profitable than what Mashinsky had represented.” Mashinsky pleaded not guilty and was released on a $40 million bond.

Did Letitia James deny Mashinsky's lawsuit?

A court order issued Friday denied Mashinsky’s motion to dismiss the suit by New York’s top law enforcement officer, Letitia James, who brought the case about six months before the former CEO was hit with federal criminal charges.