Crypto Briefing • October 9th 2026, 1:53 PM
New York AG Letitia James secures up to $35M from former Celsius CEO Alex Mashinsky
Key Summary
New York Attorney General Letitia James has secured a settlement with Celsius CEO Alex Mashinsky, requiring him to pay up to $35 million in damages and prohibiting him from trading securities or crypto. The settlement resolves allegations of fraud tied to Celsius's Earn Interest Accounts and native token CEL, and is one of the last open legal threads from the crypto's most damaging collapse.
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New York AG Secures Up to $35M from Celsius CEO Alex Mashinsky
Background
New York Attorney General Letitia James announced a settlement with former Celsius Network CEO Alex Mashinsky on October 8, 2026. The deal requires Mashinsky to pay up to $35 million to the state and bars him from trading securities or crypto.Settlement Terms
The settlement has two parts: a $25 million payment in damages to New York and a $10 million monetary judgment. However, Mashinsky's federal forfeiture obligations could potentially reduce the second piece, making the total amount#NewYork#US#Crypto#SEC