New York Attorney General Secures Up to $35 Million and Lifetime Ban From Ex-Celsius CEO Alex Mashinsky
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· body · New information from a source
New York Attorney General Letitia James secured up to $35 million from former Celsius CEO Alex Mashinsky and a permanent ban from the securities and crypto industries, according to The Block.The settlement ties conditional payments to federal forfeiture and prison-sentence outcomes, layering on top of earlier restrictions from the FTC and CFTC, per The Defiant.- New York Attorney General Letitia James secured up to $35 million from former Celsius CEO Alex Mashinsky along with a permanent ban from the securities and crypto industries, according to The Block.
- The settlement structures the payment as conditional, tying the amount to federal forfeiture obligations and the terms of Mashinsky's prison sentence, according to The Defiant.
- The exact sum Mashinsky ultimately pays could depend on how those separate federal proceedings resolve.
- CoinDesk confirmed the headline terms of the deal, noting the lifetime ban bars Mashinsky from working in the securities and crypto industries going forward.
- The Defiant reported that the New York settlement adds to restrictions already imposed on Mashinsky by the Federal Trade Commission and the Commodity Futures Trading Commission, meaning he now faces overlapping federal and state penalties stemming from Celsius's collapse.
- Celsius, once a major crypto lending platform, collapsed into bankruptcy, and Mashinsky has since faced a string of regulatory and legal actions tied to his conduct as CEO.
· summary · New information from a source
New York's top prosecutor extracted up to $35 million from ex-Celsius CEO Alex Mashinsky and a permanent industry ban.- Former Celsius CEO Alex Mashinsky agreed to pay up to $35 million and accept a permanent ban from the securities and crypto industries in a settlement with New York's attorney…
· headline · New information from a source
New York AG secures up to $35 million from former Celsius CEO Alex Mashinsky, bans him from crypto and securities industries- New York Attorney General Secures Up to $35 Million and Lifetime Ban From Ex-Celsius CEO Alex Mashinsky
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
New York Attorney General Letitia James secured up to New York AG secures up to $35 million from former Celsius CEO Alex Mashinsky.
from former Celsius CEO Alex Mashinsky along with a permanent ban from the securities and crypto industries, according to The Block.
The settlement structures the payment as conditional, tying the amount to federal forfeiture obligations and the terms of Mashinsky’s prison sentence, according to The Defiant. The exact sum Mashinsky ultimately pays could depend on how those separate federal proceedings resolve.
CoinDesk confirmed the headline terms of the deal, noting the lifetime ban bars Mashinsky from working in the securities and crypto industries going forward.
The Defiant reported that the New York settlement adds to restrictions already imposed on Mashinsky by the Federal Trade Commission and the Commodity Futures Trading Commission, meaning he now faces overlapping federal and state penalties stemming from Celsius’s collapse.
Celsius, once a major crypto lending platform, collapsed into bankruptcy, and Mashinsky has since faced a string of regulatory and legal actions tied to his conduct as CEO. The New York settlement represents one of the latest in that series of enforcement outcomes.
Sources: The Block, The Defiant, CoinDesk
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashNew York AG secures up to $35 million from former Celsius CEO Alex Mashinsky, bans him from crypto and securities industriesfirst reported · 2 sourcestheblock.co · thedefiant.io
- storyNew York Attorney General Secures Up to $35 Million and Lifetime Ban From Ex-Celsius CEO Alex Mashinskyupdate · 3 sourcestheblock.co · thedefiant.io · coindesk.com
US Commodity Futures Trading Commission
