New York AG secures up to $35 million and lifetime crypto ban from Celsius’ Alex Mashinsky
Alex Mashinsky, already serving 12 years for fraud, settled New York’s civil case over claims he misled Celsius customers about the failed crypto lender’s safety.
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Summary
- New York Attorney General Letitia James said Friday she secured up to $35 million from former Celsius CEO Alex Mashinsky and permanently barred him from the securities, commodities and cryptocurrency industries.
- Mashinsky, who is serving a 12-year federal prison sentence for securities and commodities fraud, was accused of misleading hundreds of thousands of investors about the safety of Celsius deposits.
- Celsius customers and creditors have received more than $3.4 billion through bankruptcy proceedings after the cryptocurrency lender froze withdrawals and filed for bankruptcy in 2022.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
