A closer look at “Alex Mashinsky to Pay Up to $35 Million, Banned from Crypto for Life in New York Settlemen”, exactly as the source publishes it. Alex Mashinsky, the founder of bankrupt crypto lender Celsius, has agreed to a settlement with the New York Attorney General that will cost him up to $35 million and impose a lifetime ban from the cryptocurrency industry. The deal resolves civil charges that he misled investors about the safety of Celsius before its collapse in 2022. Mashinsky is already serving a 12-year federal prison sentence after pleading guilty to fraud and market manipulation charges.
The New York Attorney General's office said the settlement ensures Mashinsky will not be able to lead or advise any crypto business in the state again. The case underscores the aggressive stance of regulators toward crypto executives accused of deceiving customers. This listing links straight to the original page, where the content is available in full.