New York AG secures up to $35 million and lifetime crypto ban from Celsius’ Alex Mashinsky
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Alex Mashinsky, already serving a twelve‑year fraud sentence, settles New York’s civil suit by agreeing to pay up to $35 million and accept a lifetime ban from any crypto‑related activity; the deal resolves claims he misled Celsius customers about the lender’s safety, signaling regulators’ willingness to impose hefty financial penalties and permanent bans, which could deter future deceptive practices in…
Alex Mashinsky, already serving 12 years for fraud, settled New York’s civil case over claims he misled Celsius customers about the failed crypto lender’s safety.