New York AG Secures Up to $35M and Lifetime Crypto Ban From Mashinsky
- —Up to $35M: $25M to New York if he fails to forfeit $10M federally
- —A further $10M if he does not serve his full 12-year sentence
- —Ban covers executive roles, investment advice and paid promotion of digital assets
- —Celsius creditors have recovered over $3.4 billion through bankruptcy
Why it matters: It sets a precedent for personal liability of crypto founders, as regulators pursue lifetime bans and payments even after criminal sentencing.
Source: Coinpaprika News
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