【Market Flash】Celsius former CEO Alex Mashinsky permanently barred from the crypto industry; New York imposes hefty penalty! New York Attorney General Letitia James announced today that she has reached a settlement with him. Mashinsky will pay up to $35 million and is permanently barred from participating in the securities, commodities, and cryptocurrency industries. He was previously accused of misleading hundreds of thousands of investors and concealing risks on the platform. He is currently serving a 12-year prison sentence, while Celsius creditors have recovered over $3.4 billion through bankruptcy proceedings. (Source: X)
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