New York Attorney General Letitia James sued Alex Mashinsky in January 2023, accusing him of defrauding hundreds of thousands of investors, including over 26,000 New York residents

From the articleNew York AG secures up to $35 million from former Celsius CEO Alex MashinskyAlso in New York AG Secures Up to $35M and Industry Ban From Ex-Celsius CEO Alex Mashinsky - Decrypt, Celsius' Alex Mashinsky hit with $35M penalty and permanent ban in NY legal settlement, New York Permanently Bars Ex-Celsius CEO Mashinsky From Crypto and Securities Industries - Unchained