New York AG Letitia James secures up to $35M from former Celsius CEO Alex Mashinsky
Photo: Crypto Briefing
The settlement adds a New York penalty and a trading ban to the former Celsius chief's prison sentence and federal forfeiture Alex Mashinsky is already serving a 12-year prison sentence. Now New York wants its money too. On October 8, 2026, New York Attorney General Letitia James announced a settlement with the former Celsius Network CEO. It requires Mashinsky to pay up to $35 million to the state and bars him from trading securities or crypto. The deal resolves fraud allegations tied to Celsius’s Earn Interest Accounts and its native token, CEL.
Source: Crypto Briefing
