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Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order By Cointelegraph - Modern Digital India
Wednesday, May 27, 2026
International Investments

Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order By Cointelegraph

By Isabella Margaret
Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order By Cointelegraph
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A federal judge has approved a joint request from lawyers for Alex Mashinsky and the United States Department of Justice modifying the former Celsius CEO’s bail conditions to include electronic monitoring.

In an Aug. 8 filing in U.S. District Court for the Southern District of New York, Judge Gabriel Gorenstein signed off on a modification to Mashinsky’s $40-million bond ensured by his brokerage account at First Republic Bank (OTC:) and his New York home. Prosecutors and defense lawyers jointly signed a request to have Mashinsky under electronic monitoring and be restricted from withdrawing, transferring or receiving more than $10,000 without prior approval from the court. The bail modification would remove the need to use Mashinsky’s First Republic account to ensure the bond.