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CFTC bans Celsius founder Alex Mashinsky from trading and registration for life over fraud.

Market News
18 Jun 2026
AMBCrypto
View Source
Bearish
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The U.S. Commodity Futures Trading Commission (CFTC) has permanently banned Alex Mashinsky, founder and former CEO of Celsius, from trading and registration in U.S. commodity markets. This follows a consent order resolving the CFTC's lawsuit accusing Mashinsky and Celsius of misleading customers about the safety and profitability of their crypto lending platform. Mashinsky admitted to violating anti-fraud regulations and faces lifetime restrictions, including a ban on trading commodity interests and soliciting funds. The case stems from Celsius's collapse after it exposed customer funds to risky investments, with Mashinsky also sentenced to 12 years in prison for related criminal charges.

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