PANews, October 9 — According to an announcement from the New York State Attorney General's Office, Celsius co-founder and former CEO Alex Mashinsky has reached a settlement with the office and will be permanently barred from participating in the securities, commodities, and cryptocurrency industries. The settlement involves up to $35 million in conditional payments: if he fails to forfeit $10 million in ill-gotten gains to the federal government as agreed, he must pay $25 million to New York State; if he fails to serve a full 12-year prison sentence, he must also pay $10 million. The case involves more than 26,000 New York State investors.