Foresight News reports that Alex Mashinsky, the former CEO of Celsius, has filed a motion to subpoena six former employees of the company, including the CFO and CRO, according to The Block. The government has informed the defense that its current stance is to seek a sentence of 115 years in prison for Mashinsky based on sentencing guidelines.

Previously, the US Securities and Exchange Commission (SEC) filed a lawsuit against Celsius and Mashinsky in July 2023, alleging that they raised billions of dollars through fraudulent and unregistered cryptocurrency sales, repeatedly misrepresented Celsius's financial condition to investors, and manipulated the price of the native token CEL.