Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator

Former Celsius founder and CEO Alexander Mashinsky has been permanently barred from CFTC registration and commodities trading activity as the regulator closed its case. The order, approved Thursday and recorded in U.S. District Court for the Southern District of New York, adds no new fines, according to CoinDesk, after Mashinsky’s earlier 12-year prison sentence for fraud, a $50,000 fine and an order to return $48 million. The CFTC said Mashinsky and Celsius misled customers about the platform’s safety and compliance ahead of its 2022 collapse.