NY AG secures up to $35M settlement and industry ban from Alex Mashinsky
CIE News ·
New York Attorney General Letitia James secured a settlement of up to $35 million from former Celsius CEO Alex Mashinsky, which includes a permanent ban from the crypto and securities sectors.
New York Attorney General Letitia James secured up to $35 million from former Celsius CEO Alex Mashinsky, according to The Block. Under the terms of the settlement, Mashinsky faces a permanent ban from participating in both the cryptocurrency and securities industries. The resolution follows legal proceedings brought by the New York Attorney General's office concerning Mashinsky's role at the failed platform Celsius.