Former Celsius CEO Alex Mashinsky Permanently Banned from Securities and Cryptocurrency Industries
New York Attorney General Letitia James announced that former Celsius CEO Alex Mashinsky will be permanently banned from engaging in the securities, commodities, and cryptocurrency industries, and must pay up to $35 million. Under the settlement agreement, Mashinsky is required to pay $10 million in illegal gains to the federal government, and if he does not serve his full sentence, he must pay $10 million to the state of New York. The New York Attorney General's office sued Mashinsky in 2023, accusing him of misleading investors regarding the safety of Celsius, defrauding hundreds of thousands of investors, including over 26,000 investors from New York state. Mashinsky is currently serving a 12-year sentence due to a parallel federal criminal case and has been ordered to forfeit over $48 million. As of August 2026, Celsius's bankruptcy proceedings have distributed over $3.4 billion to creditors.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

TSMC Insists on Control Over Chip Production Operations, Negotiating Partnership with Terafab

Goldman Sachs Analysis: Interest Rate Cuts Expected in Second Half of 2027, How Long Will High Rates Last?

Analyst Who First Predicted September Rate Hike: Fed to Hold Steady in October, May Hike 50 Basis Points in December

AI Agents Pay for Services in Crypto via x402 Protocol

Will Stablecoins Become 'Financial Infrastructure'? - A Discussion with Circle on Arc and the Current State of Digital Payments in Japan (10/21 19:30 @ Gentosha)

Panel Discussion on Mass Adoption of Cryptocurrencies

British IT Specialist Demands Refund of 325 BTC from BitMEX

ASIC Seeks Public Consultation on Capital, Custody, and Trading Rules for Crypto Platforms, Set to Launch in 2027

BingX gets EU crypto license in Austria, eyes 29 countries

EQX Labs Launches Hyperliquid Tokenization Protocol for US Stocks and ETFs

Tempo Introduces Token Burning Feature Without User Approval

Jensen Huang Mentions Possible Semiconductor Supply Suspension for Risky AI

Arthur Hayes: Focus on Established DeFi Projects with Cash Flow

Patrick Witt Leaves as Executive Director of the White House Crypto Council

DeepSeek Web and APP Services Experiencing Over 3 Hours of Outage

Anthropic Reports $16.8 Billion Revenue in Q3, IPO Feasibility Strengthened

For the First Time, a Crypto Company Acquires a Bank in Europe

US Public Company Led by FTX Europe Head to Trade Tokenized Stocks Under SEC Exception

Morgan Stanley: Gold Has Strong Support at $4,000, Rising Yields May Not Be Bearish for Gold

Bonk Guy Questions Robinhood Ecosystem's Bearish Logic

X-Agent Builds Onchain Personal AI Assistant

BOK governor rules out retail CBDC despite internal report findings

Democrats in the U.S. Investigate Meta's Tax Credit Applications

TypeSafe AI Releases Jev 1.14 with New Image Input and Bounding Box Features

OneKey Launches Hardware Wallet Verification Website OneStone

METR Proposes AI Out-of-Control Risk Assessment Plan

Galaxy Research: Conditional Market Expansion Affects Market Approaching Mainnet

Waller's Speech Becomes a Window for Fed Policy Observation as Inflation Unexpectedly Heats Up, Breaking Wait-and-See Expectations

OpenAI Report Reveals Significant Gap in AI Tool Usage Among EU Businesses






