CFTC Permanently Bans Celsius Founder Alex Mashinsky From US Trading Markets

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The US Commodity Futures Trading Commission (CFTC) announced on Thursday a permanent ban against Celsius Network founder Alex Mashinsky, prohibiting him from trading commodities, futures, and derivatives in the United States and from registering with the regulator. According to the court-approved consent order, the CFTC concluded that Mashinsky and Celsius misled hundreds of thousands of customers about the safety and profitability of the platform's crypto lending services, which attracted approximately $20 billion in customer funds before collapsing in 2022. Mashinsky is currently serving a 12-year prison sentence following his May 2025 guilty plea to securities and commodities fraud, and was previously barred from the cryptocurrency and financial sectors by the Federal Trade Commission.
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