# New York AG secures up to $35 million and lifetime crypto ban from Celsius’ Alex Mashinsky

https://mins.news/en/item/93376

- CoinDesk, 2026-10-09 14:55 UTC
- Economy
- Original: https://www.coindesk.com/policy/2026/10/09/new-york-ag-secures-up-to-usd35-million-and-lifetime-crypto-ban-from-celsius-alex-mashinsky

> Alex Mashinsky, who is already serving a 12-year sentence for fraud, settled New York’s civil case alleging he misled Celsius customers about the safety of the failed crypto lender. The settlement includes up to $35 million and a lifetime ban from crypto.

## Related coverage

- [Celsius founder faces lifetime ban but can still trade his own crypto](https://mins.news/en/item/94066) — CryptoSlate, 2026-10-10
- [New York attorney general secures up to $35 million from former Celsius CEO Mashinsky](https://mins.news/en/item/93316) — The Block, 2026-10-09