New York Attorney General Letitia James has reached a settlement with former Celsius CEO Alex Mashinsky worth up to $35 million, permanently barring him from the securities and crypto industries.
A settlement agreement has drawn the curtain on Alex Mashinsky's presence in the crypto industry.
New York Attorney General Letitia James announced a settlement with former Celsius CEO Alex Mashinsky worth up to $35 million. As part of the deal, Mashinsky will be permanently banned from engaging in securities and crypto-related business.
For a founder who once ran a crypto lending platform and held major sway in the industry, this ban carries more weight than the settlement amount itself — it effectively cuts off any path for Mashinsky to return to the industry in any capacity.
Publicly available information is currently limited to the settlement amount and the scope of the ban, with further details yet to be disclosed by officials.
Bermuda-based insurer Meanwhile has closed a new $37.5 million funding round led by Bain Capital Crypto, pushing total funds raised past $180 million as it continues expanding its bitcoin-denominated life insurance products.
The Ethereum Foundation has partnered with the Open Anonymity Project to launch zkAPI, allowing users to anonymously pay for AI model usage fees through zero-knowledge proofs. The system is already running on Ethereum mainnet, bringing to life the design Vitalik Buterin proposed back in February.
Björk will release "Björk Orkestral with the Hamrahlíð Choir," a live recording from her 2021 performance at Reykjavik's Harpa concert hall with the Hamrahlíð Choir, arriving November 27 in vinyl, CD, Blu-ray, and DVD formats.
Netflix has released the trailer for its new series "The Altruists," recreating the relationship between FTX founder Sam Bankman-Fried and Caroline Ellison, along with the company's downfall. It premieres November 19.
Citing "refusing to promote a competitor is normal business behavior," Meta has announced a ban on ads from TikTok parent company ByteDance across seven countries — timed right after Meta itself paid $1.8 billion to settle a child safety lawsuit.
The self-titled Grand Theft Auto 6 album has announced two new tracks: Cardi B brings her signature cocky rap style with "Don't Chart," while Fuerza Regida delivers a trap-meets-folk hybrid with "Suzuki." The confirmed tracklist now stands at eight songs.