CFTC Bans Mashinsky From Trading for Life, Closing the Regulator's First Crypto-Lender Case

Celsius Founder Hit With Permanent CFTC Trading Ban

The agency closed its 2023 fraud case against Alexander Mashinsky with a lifetime bar from registered markets, the final regulatory seal on one of crypto lending's biggest collapses.

Ex-Celsius CEO Alex Mashinsky Gets Lifetime Trading Ban

Key highlights:The CFTC has secured a ban preventing former Celsius CEO Alex Mashinsky from trading commodities in the US.The ban ends the CFTC’s case with Mashinsky and Celsius after nearly four years.Mashinsky is serving a 12-year sentence for committing securities and commodities fraud.The Commodity Futures Trading Commission (CFTC) has ended its long-running case against ex-Celsius CEO Alex Mashinsky, securing a lifetime ban against the disg…

CFTC bans Mashinsky from trading for life, closing the regulator's first crypto-lender case

The Commodity Futures Trading Commission permanently banned Celsius founder Alex Mashinsky from commodity trading and CFTC registration through a consent order entered on June 18 in the US District Court for the Southern District of New York. The order concludes the agency’s July 2023 fraud case and ends what the CFTC has referred to as its first crypto-lending enforcement action. The ban prohibits Mashinsky from trading any CFTC-regulated commo…