Alex Mashinsky Receives Lifetime Ban from Working in Crypto
The state of New York has reached a settlement with Alex Mashinsky, founder of the bankrupt crypto lending platform Celsius. He agrees to a permanent ban from working in crypto, securities, and commodities. Mashinsky is prohibited from working in crypto or securities and from providing paid investment advice. Potential payments could amount to over €31 million, but this is not a direct fine. His personal purchases and sales of investments remain permitted. The ban applies to professional involvement in crypto, securities, or commodities, including roles as a publisher, trader, advisor, director, consultant, or promoter. The financial agreement consists of two parts: a compensation of over €22 million to New York, which will be waived if he pays approximately €9 million to the U.S. Department of Justice. A second amount of nearly €9 million will be waived when he completes his twelve-year prison sentence. Mashinsky pleaded guilty at the end of 2024 to fraud and manipulation of the CEL token and received a prison sentence in May 2025. The settlement was signed and filed with the court on October 8.
-- 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

Understanding The Various Bitcoin Per Share Metrics

Cardano Midnight Launches, Potential Benefits for NIGHT Instead of ADA

U.S. Treasury Buys $6 Billion in Bonds, Bitcoin Drops Below $80,000

From GPU Finance to Stablecoin Platform: USD.AI's Business Expansion and CHIP Buyback Strategy

Strategy Company Approves Daily Dividend Payments for Preferred Shares

The War Over Tokenizing Stocks in 'The Wall Street Journal': Details Revealed

Gastón Yrigoyen, CEO of Pomelo: "People around the world will think of two currencies at the same time"

NFT farming games draw copycat claims after Yield Fields mint

IMF Maintains Fiscal Target of 1.4% of GDP for 2026 Despite Revenue Decline

Sun Yuchen Prize Confirms Neel Somani as Latest Awardee! Successfully Solved Two Math Problems JSP-000239 and JSP-000327

GMO Group Refuses to Pay $1 Million Ransom as Hackers Threaten to Expose User Data

The IMF warns of fiscal risks due to rising rates

RedotPay Seeks $5 Billion Valuation, But Growth Is Lagging Behind

Profits Rise but Cash Turns Negative: When Will Amazon, Meta, and Oracle Recoup Their AI Investments?

X100 governance flaws trigger $6M loss due to a flash loan

Bitget UEX Daily Report | Nasdaq Leads Tech Rally; Consumer Confidence Rebounds; Federal Reserve Decision Approaching (October 28, 2026)

Robinhood Predicts Market Gains, But Crypto Revenue Halves

Solana Implements 1 SOL Burn for Vulnerability Reports

Zondacrypto: Deadline Today at 11 PM, Latecomers Will Be Last in Line for Funds

The Wall Street Journal Publishes Full-Page Ad: Eight Risks of Stock Tokenization

Why is the U Card / VCC Virtual Card Platform Suspected of Illegal Business Operations?

Meta Refinancing|Rewire News Morning Report

Strategy Proposes Daily Dividends for STRC

CFTC advances voluntary crypto exchange registration as Congress stalls

AI agents are launching memecoins. MemeToro’s agent answers to open code

Miden Partner Mainnet Launches, Plans Transition to Public Mainnet in Coming Months

Why 22 Trillion-Dollar Giants Refuse to be 'Tokenized'?

Metro Jaya Police Stops Cryptocurrency Investment Fraud Case Involving Timothy Ronald

House of Doge Terminates Dogecoin License, Changes CEO and Plans to Acquire McQueen Labs









