In brief
- Celsius founder Alex Mashinsky was banned from trading markets regulated by the CFTC.
- Mashinsky was imprisoned for 12 years after pleading guilty to counts of securities and commodities fraud.
- Earlier this year, the FTC permanently banned him from working in the cryptocurrency ecosystem again.
The Commodity Futures Trading Commission (CFTC) has resolved its 2023 enforcement action against Celsius founder Alex Mashinsky, permanently banning him from trading markets regulated by the CFTC.
The consent order also imposes a permanent CFTC registration ban on the former crypto founder, and marks the completion of the regulator’s first case against a digital asset lending platform, according to its 2023 press release.
Mashinsky, who…
