Celsius founder seeks court to dismiss FTC lawsuit against him

ChainCatcher news, according to CoinDesk, Alex Mashinsky, the founder and former CEO of the crypto lending platform Celsius, is seeking to have a court dismiss the Federal Trade Commission (FTC) lawsuit against him. Mashinsky believes the court should reject the FTC's claims that he misled investors, stating, "These allegations do not support the assertion that Mashinsky intentionally made false statements to fraudulently obtain customer information from financial institutions," and he indicated that the FTC needs to establish more rules before addressing new cases such as marketing fraud.