New York permanently bars Celsius founder Alex Mashinsky in fraud settlement
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Former Celsius CEO Alex Mashinsky is permanently barred from cryptocurrency, securities and commodities under a Friday settlement with New York Attorney General Letitia James that resolves a 2023 civil fraud lawsuit over misleading investors before Celsius collapsed in 2022. The deal includes up to $35 million in conditional payments, including $25 million to New York if he fails to forfeit an additional $10 million in ill-gotten gains to the federal government. Mashinsky is serving a 12-year federal prison sentence after his December 2024 guilty plea and was ordered to forfeit more than $48 million.
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