New York permanently bars Celsius founder Mashinsky in $35M fraud settlement

60-second summary

Celsius founder Alex Mashinsky reaches a permanent industry ban after settling a 2023 civil fraud suit for $35 million, which bars him from cryptocurrency, securities and commodities activities. The settlement ends regulators’ pursuit of alleged misrepresentations that contributed to Celsius’s collapse, signaling tighter enforcement and reinforcing investor caution across the digital‑asset market.