Former Celsius CEO Alex Mashinsky has agreed to a lifetime ban from the cryptocurrency, securities, and commodities industries under a New York settlement carrying up to $35 million in conditional payments.
Summary
- The New York agreement ties $35 million in potential payments to forfeiture and prison conditions.
- Mashinsky must forfeit another $10 million federally or pay New York $25 million.
- The former Celsius chief is serving a 12-year sentence after pleading guilty to fraud.
- Celsius creditors received more than $3.4 billion through bankruptcy distributions by August 2026.
New York Attorney General Letitia James announced the agreement on Oct. 9, resolving her…
