32m ago
CFTC bars Celsius founder Alex Mashinsky from commodities trading for life in June 18 consent order
The Commodity Futures Trading Commission permanently barred Celsius founder Alex Mashinsky from commodity trading and from registering with the agency under a consent order entered on June 18 in the U.S. District Court for the Southern District of New York. The order closes the regulator’s July 2023 fraud case and what the CFTC has described as its first crypto-lending enforcement action. The ban also prevents Mashinsky from soliciting customer funds for commodity transactions and from taking senior or operational roles at CFTC-registered firms.