CFTC Enters Settlement With Former Celsius CEO, Imposes Permanent Trading Ban This Week

According to the CFTC, on Thursday (June 17), the U.S. District Court for the Southern District of New York entered a consent order against former Celsius CEO Alexander Mashinsky, imposing permanent bans on trading and registration along with prohibitions on future violations of anti-fraud provisions.

Mashinsky, currently serving a 12-year prison sentence after pleading guilty to commodities fraud and securities fraud in 2023, received an additional $10 million settlement with the Federal Trade Commission last month for allegedly engaging in deceptive and unfair acts in marketing Celsius' crypto lending services.