New York Attorney General Letitia James permanently barred former Celsius CEO Alex Mashinsky from the cryptocurrency, securities and commodities industries in a settlement resolving the state's January 2023 civil lawsuit. The agreement creates up to $35 million in conditional obligations but provides no new creditor payout. A $25 million state damages obligation is satisfied if Mashinsky makes a qualifying $10 million payment to the US Department of Justice under his federal forfeiture order, while a separate $10 million judgment is satisfied by completion of his 12-year prison term, subject to specified exceptions. Mashinsky admitted misleading investors about Celsius's regulatory approval and his sales of the CEL token. Celsius had distributed more than $3.4 billion to creditors by August 2026, the attorney general said.