Former Celsius CEO Alex Mashinsky Permanently Banned from Securities and Cryptocurrency Industries
New York Attorney General Letitia James announced that former Celsius CEO Alex Mashinsky will be permanently banned from engaging in the securities, commodities, and cryptocurrency industries, and must pay up to $35 million. Under the settlement agreement, Mashinsky is required to pay $10 million in illegal gains to the federal government, and if he does not serve his full sentence, he must pay $10 million to the state of New York. The New York Attorney General's office sued Mashinsky in 2023, accusing him of misleading investors regarding the safety of Celsius, defrauding hundreds of thousands of investors, including over 26,000 investors from New York state. Mashinsky is currently serving a 12-year sentence due to a parallel federal criminal case and has been ordered to forfeit over $48 million. As of August 2026, Celsius's bankruptcy proceedings have distributed over $3.4 billion to creditors.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Justin Sun's Personal Asset Allocation: No Reduction in BTC Holdings, 80-90% ETH Sold Off to Invest in US Stocks

Anthropic Lobbies Congress to Set Strict Thresholds for AI Model Intervention

Circle Issues $250 Million USDC on Solana

MicroStrategy's MSCI Exclusion Risk or Already Priced In, MSTR's Net mNAV Drops Below 1 or Becomes an Opportunity

CZ Responds to Deleting Old Crypto Tweets, Claims It's for Testing AI Tool

Court Blocks Stock Delisting Due to 'Procedural Violations'... Will It Apply to Coins? "It's Just Talk Until the Basic Law Comes Out"

Park Se-yong, Co-founder of Fomo: "The Era of Trading All Assets in One App is Coming"

This Week's Macroeconomic Highlights: Fed's October Rate Hike Pause Expectations Rise, AI Sector Faces Divergence and Credit Risk Challenges

Circle Projects $1.4 Billion in USDC Revenue for H1 2026, Lighter to Launch Options Product

U.S. Fiscal Year 2026 Budget Deficit Reaches $1.99 Trillion

NVIDIA CEO Jensen Huang: The Turmoil in the AI Market Will Pass, Hardware Investments Will Pay Off

JPMorgan Decides to Block External AI Access

Unbanked, listed on the Tokyo Stock Exchange, discontinues cryptocurrency business for gold price-linked token 'Kinka' due to profitability issues

Cardano governance hits a wall as treasury reaches 91% cap

Sam Price Analyzes Bitcoin Trading Timing and Market Reactions

SEC Approves Binary Options Linked to KPIs of 23 Listed Companies

Bitcoin Price Drops 2% to 81473 Dollars Amid Inflation Concerns

Sam Price Observes Changes in Bitcoin ETF Net Inflows

Stablecoins: Mastercard and BVNK Launch Fiat and Crypto Account, Stripe Targets 100 Countries with Its Cards

The session to annul the DNU allowing bitcoin contracts in Argentina failed

India's CERT-In Points Out Unauthorized Reading of Corporate Confidential Records by AI Agents

Starknet Considers Separating from Ethereum to Become Quantum-Resistant

Fed Rate Hike Expectations Weaken, Dollar Posts Worst Performance in Six Weeks

AMC's No Does Not Automatically Halt AMC Stock Tokens Abroad on Robinhood

CFTC Chair Reaffirms Jurisdiction Over Prediction Markets

France Plans to Impose 31.4% Tax on Bitcoin to Stablecoin Exchanges

Ledger Receives Warning of Hardware Wallet Implant, Former Mt. Gox CEO Accuses Insufficient Response

Visa and Inyo Introduce USDC for International Payments

Bank of America: Still Expecting Rate Hike in October, Raises Forecast for Fed's Favorite Inflation Indicator










