NY AG secures $35M, lifetime crypto ban from Mashinsky

Alex Mashinsky, the former Celsius CEO already serving 12 years for fraud, settled New York's civil case over claims he misled customers about the failed crypto lender's safety. The agreement secures up to $35 million and a lifetime ban from the crypto industry.

• The settlement resolves the New York AG's civil action tied to Celsius' collapse.
• Mashinsky continues serving his prison sentence for the related criminal conviction.

No further terms of the settlement were disclosed in the announcement.