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Celsius founder Alex Mashinsky banned for life from crypto and securities businesses in NY settlement.

Market News
09 Oct 2026
Bitcoin
View Source
Bearish
Celsius founder Alex Mashinsky banned for life from crypto and securities businesses in NY settlement.

Alex Mashinsky, co-founder and former CEO of Celsius Network, has been permanently banned from crypto, securities, and commodities businesses by New York authorities due to misleading investors about the platform's safety. The settlement includes a potential $35 million payment tied to federal forfeiture and imprisonment conditions. Mashinsky is currently serving a 12-year federal prison sentence for fraud, and Celsius creditors have received over $3.4 billion through restructuring efforts. This ban prevents him from any role in crypto-related businesses and reflects ongoing regulatory efforts to protect investors from fraud.

Regarding Celsius founder Alex Mashinsky's lifetime ban, here is Pluang's market snapshot as of Oct 09, 2026 23:51 WIB: Among 50 major cryptocurrencies priced on Pluang, 42 rose and 7 fell today. Notable movers include EOS at Rp12.649 with an 8.13% increase, FIL at Rp19.449 up 7.43% with a 36% sell and 64% buy order split, and ZIL at Rp62 rising 6.79%. The typical hold time on Pluang ranges from 87 days for EOS to 133 days for ZIL.

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