New York AG Secures Up to $35M and Industry Ban From Ex-Celsius CEO Alex Mashinsky

New York Attorney General Letitia James has permanently barred former Celsius Network CEO Alex Mashinsky from the securities, commodities and crypto industries, and secured up to $35 million from him, her office announced Friday. The payments are conditional, with Mashinsky required to pay New York $25 million if he fails to forfeit a further $10 million in ill-gotten gains to the federal government under his plea agreement, and $10 million if he does not serve his full prison sentence.