Celsius CEO legal settlement bars Mashinsky from New York’s financial industries
Photo: The Cryptonomist
Former Celsius CEO Alex Mashinsky faces a permanent ban from New York’s financial industries and up to $35 million in conditional payments under a legal settlement secured by Attorney General Letitia James on October 9, 2026. The agreement adds state penalties to his federal fraud conviction and 12-year prison sentence. Key takeaways Mashinsky is permanently excluded from New York’s securities, commodities and cryptocurrency industries. The settlement’s payments depend on federal forfeiture and completion of his prison sentence. Celsius bankruptcy distributions exceeded $3.4 billion as of August.
Source: The Cryptonomist
