{
  "id": 13201705,
  "title": "New York permanently bars Celsius founder Mashinsky in $35M fraud settlement",
  "url": "https://urgent.news/2026/10/09/new-york-permanently-bars-celsius-founder-mashinsky-in-35m-fraud",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T20:14:02.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/celsius-founder-alex-mashinsky-permanently-banned-from-crypto-industry-in-ny-settlement"
  },
  "original_language": "en",
  "account": "The New York Attorney General Letitia James has reached a settlement to permanently bar Celsius founder Alex Mashinsky from the cryptocurrency, securities, and commodities industries. The agreement also requires Mashinsky to pay up to $35 million in conditional payments, with $25 million due if he fails to forfeit additional ill-gotten gains and $10 million if he doesn't serve his full prison sentence. Mashinsky, serving a 12-year federal prison sentence for fraud, pleaded guilty in December 2024 to securities and commodities fraud. He had previously been accused of misleading investors about the safety of Celsius before its collapse in 2022, attracting roughly $20 billion in digital assets but struggling to generate enough revenue to sustain promised returns.",
  "summary": "The agreement resolves a 2023 civil fraud lawsuit against the Celsius founder and permanently bars him from the cryptocurrency, securities and commodities industries.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "New York AG secures up to $35 million and lifetime crypto ban from Celsius’ Alex Mashinsky",
        "url": "https://urgent.news/2026/10/09/new-york-ag-secures-up-to-35-million-and-lifetime-crypto-ban-from",
        "published": "2026-10-09T14:55:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}