Alex Mashinsky Barred From Crypto and Securities Business in New York Deal
A New York settlement permanently bars Celsius co-founder Alex Mashinsky from crypto and securities businesses and includes up to $35 million in conditional payments.
Celsius co-founder and former chief executive Alex Mashinsky has agreed to a lifetime ban from crypto and securities businesses under a settlement with New York’s attorney general announced on Oct. 9.
The agreement follows investor losses linked to misleading assurances about safety at Celsius. It permanently restricts Mashinsky’s ability to return to those businesses.
The settlement also provides for conditional payments of up to $35 million. The amount is not described as an unconditional payment obligation.
Source: Bitcoin.com News
