The industry prohibition adds to previous bans imposed by the FTC and CFTC. Mashinsky is currently serving a 12 year federal prison sentence, and creditors of the failed firm have already recovered more than $3.4 billion through bankruptcy proceedings.
Wednesday, October 21, 2026
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NY AG Secures $35M and Permanent Crypto Ban for Celsius Ex-CEO
Crypto12 days ago
The former head of the cryptocurrency lender Celsius is no longer permitted to operate in the commodities or securities markets following a deal announced Friday by the New York Attorney General's office. Letitia James secured up to $35 million in conditional payments from Alex Mashinsky to resolve allegations that he defrauded investors, with the payouts depending on the completion of his prison term and federal forfeiture funds.
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