Market News / Story
New York AG secures up to $35 million from former Celsius CEO Alex Mashinsky
The Block ·
The Block reports: New York Attorney General Letitia James secured up to $35 million from former Celsius Network CEO Alex Mashinsky and a permanent ban on his participation in the securities, commodities and cryptocurrency industries over allegations that he defrauded investors, her office announced Friday. James sued Mashinsky in 2023, accusing him of misleading hundreds of thousands of investors about the crypto lending platform’s safety and investment strategies as Celsius took on risky…