New York AG Reaches Up to $35 Million Settlement With Celsius’ Mashinsky
Alex Mashinsky settled New York’s civil case over Celsius, with terms including up to $35 million and a lifetime crypto ban.
New York’s attorney general has secured a settlement with Alex Mashinsky that includes up to $35 million and a lifetime ban from the crypto industry, according to CoinDesk.
The civil case concerned allegations that Mashinsky misrepresented the safety of Celsius, the failed cryptocurrency lender, to its customers.
Mashinsky is already serving a 12-year prison sentence for fraud. The settlement resolves New York’s civil case against him.
Source: CoinDesk