Regulation· ★★★· bearish· October 17, 00:35

New York AG secures permanent industry ban, up to $35M from former crypto lending CEO

—Former crypto lending CEO is permanently barred from the industry
—Penalties reach up to $35 million
—Case was brought by the New York attorney general

Why it matters: The ruling sets a precedent for holding crypto lending executives accountable and raises regulatory risk for the sector.

Source: Google News (crypto query)

More stories in swipe mode🔥 Trending now: People bought Ledger wallets and lost about $90 million — the devices turned out to be tampered

More on this

Regulation · Oct 9

NY Attorney General Secures Up to $35M From Ex-Celsius CEO, Permanently Bans Him From Crypto Industry

Security · Oct 10

Crypto platform cofounder permanently banned from industry, ordered to refund $35M to investors

Regulation · Sep 22

European central banks push to expand stablecoin yield ban to crypto lending and staking