New York AG Secures Up to $35M From Ex-Celsius CEO Mashinsky
New York's attorney general secured an industry ban and conditional payments of up to $35 million from former Celsius CEO Alex Mashinsky, Decrypt reported.
Former Celsius CEO Alex Mashinsky faces an industry ban and up to $35 million in conditional payments under terms secured by New York's attorney general, according to Decrypt.
Mashinsky would owe New York $25 million if he does not forfeit a separate $10 million, the report said.
An additional $10 million would become payable if Mashinsky does not serve his full sentence. The reported $35 million total therefore depends on those conditions rather than representing an unconditional payment.
Source: Decrypt
