YnetnewsSecurity
Crypto Founder Alex Mashinsky Banned From Markets, Faces $35 Million Fine
Summarized from Ynetnews by baba
CenterNeutral tone
Plus
Celsius founder Alex Mashinsky has been permanently banned from capital and crypto markets by New York Attorney General Letitia James. He faces up to $35 million in fines if he doesn't complete a federal forfeiture or serve his 12-year prison sentence for defrauding investors. Over $48 million has already been forfeited from him following a federal conviction.
The story in 5 lines · by baba
- Alex Mashinsky is permanently banned from capital and crypto markets.
- He faces up to $35 million in conditional fines.
- Mashinsky is currently serving a 12-year prison sentence.
- He was convicted of defrauding investors of billions of dollars.
- Over $48 million has already been forfeited from him.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
