Browsing: settlement

On Friday, October 9, 2026, New York Attorney General Letitia James announced that Alex Mashinsky, a co-founder and former chief executive of the crypto lender Celsius Network LLC, has agreed to a settlement worth up to $35 million and will be permanently shut out of the securities, commodities, and cryptocurrency businesses.

The European Central Bank began preparations on Monday to invest a small portion of its €23.1 billion own-funds portfolio in tokenized securities, with those purchases set to settle through Pontes, a Eurosystem settlement rail that opened the same day for banks clearing tokenized assets in central-bank money.

A major multilevel marketing company has agreed to pay hundreds of millions of dollars to settle federal claims it misled recruits about earnings and pressured them into buying products they were unlikely to sell.