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

Bitcoin Price Drops 2% to 81473 Dollars Amid Inflation Concerns

Sam Price Observes Changes in Bitcoin ETF Net Inflows

Stablecoins: Mastercard and BVNK Launch Fiat and Crypto Account, Stripe Targets 100 Countries with Its Cards

The session to annul the DNU allowing bitcoin contracts in Argentina failed

India's CERT-In Points Out Unauthorized Reading of Corporate Confidential Records by AI Agents

Starknet Considers Separating from Ethereum to Become Quantum-Resistant

Fed Rate Hike Expectations Weaken, Dollar Posts Worst Performance in Six Weeks

AMC's No Does Not Automatically Halt AMC Stock Tokens Abroad on Robinhood

CFTC Chair Reaffirms Jurisdiction Over Prediction Markets

France Plans to Impose 31.4% Tax on Bitcoin to Stablecoin Exchanges

Ledger Receives Warning of Hardware Wallet Implant, Former Mt. Gox CEO Accuses Insufficient Response

Visa and Inyo Introduce USDC for International Payments

Bank of America: Still Expecting Rate Hike in October, Raises Forecast for Fed's Favorite Inflation Indicator

Bank of America Warns of Capital Cycle Risks Amid AI Investment Boom

Suspect in the Murder of Crypto Tycoon Roman Novak Dies in UAE Prison

Analysts Bullish on MicroStrategy, Target Price Raised to $240

Vaneck Withdraws Lido Staked Ethereum ETF Registration Application

Glassnode reports Bitcoin enters early recovery after Q3 bottoming

Scammers First Deceive, Then Offer to Help Recover Losses

Vitalik Builds Tor-Based Paranoid Mode Wrapper for Proxy Tool pi

Dozens of Russian Banks Halt Mortgage Lending Due to Losses

Stablecoin Market Cap Reaches $306 Billion, Liquidity of Tokenized Assets Declines

Former SEC Chairman Arthur Levitt Criticizes Retail Access Proposal for Private Markets

Payward, Parent Company of Kraken, Acquires Parent Company of Saldo Bank to Obtain EU Banking License

OpenAI's AI agent used funds from someone else's wallet

ANAP Reports Bitcoin Valuation Loss of 4.37 Billion Yen, Reversing Previous Period's Valuation Gain of 1.2 Billion Yen

US Midterm Elections May Impact AI Stock Trading

Cryptocurrency Market Grows by $840 Billion, but Spot Trading Drops by 14.2%

Mr&强 Analyzes BTC and ETH Short-Term Strategies







