Celsius founder Alex Mashinsky faces up to $35 million in payments and a permanent crypto-industry ban

CoinDesk reports that New York settled a civil case accusing Mashinsky of misleading Celsius customers about the safety of their deposits. Under the deal, he must pay the state $25 million if he does not forfeit $10 million in ill-gotten gains to the federal government, plus another $10 million if he does not serve his full prison sentence. He is permanently barred from the securities, commodities and cryptocurrency industries.