- The CFTC won a permanent ban barring Alex Mashinsky from trading in regulated markets and registering with the agency, entered as a consent order in a New York federal court on June 18.
- The action carried no new financial penalty, resolving the regulator’s July 2023 lawsuit accusing Mashinsky and Celsius of misleading customers about the platform’s safety and profitability.
- It follows a 12-year prison sentence, about US$48 million in criminal restitution, and a separate US$10 million FTC settlement.
The Commodity Futures Trading Commission has secured a permanent trading and registration ban against Celsius founder Alex Mashinsky, closing its civil enforcement action over the crypto lender’s collapse…
