Key facts
- Former Celsius CEO Alexander Mashinsky received a lifetime ban from CFTC-regulated markets.
- The ban is part of a settlement agreement.
- Mashinsky is currently serving a 12-year prison sentence.
- The sentence is for fraud related to Celsius's collapse.
- The ban prohibits Mashinsky from crypto asset commodity trading.
- The ban prohibits Mashinsky from registering with the CFTC.
Alexander Mashinsky, the former CEO of Celsius, has been permanently barred from the cryptocurrency industry by the Commodity Futures Trading Commission (CFTC). This lifetime ban from trading in CFTC-regulated markets is part of a settlement agreement. Mashinsky is already incarcerated, serving a 12-year prison sentence for fraud charges stemming from the collapse of Celsius. The CFTC's settlement order prohibits Mashinsky from engaging in any crypto asset commodity trading and from registering with the CFTC. This action by the CFTC aims to prevent further fraudulent activities within the regulated markets.