Celsius Founder Alex Mashinsky Banned From Crypto Industry in $35 Million New York Settlement
Photo: Blockchain Reporter
New York Attorney General Letitia James has secured up to $35 million from Alex Mashinsky, the co-founder and former CEO of Celsius, and permanently barred him from the securities, commodities, and cryptocurrency industries, her office announced Friday . The settlement closes the state’s 2023 civil case, which accused Mashinsky of misleading hundreds of thousands of investors, including more than 26,000 New Yorkers, about the safety of deposits at the failed crypto lender.
Source: Blockchain Reporter
