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CFTC bans Celsius founder Alexander Mashinsky from trading commodities permanently.

Market News
18 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

The Commodity Futures Trading Commission (CFTC) has permanently banned Alexander Mashinsky, founder of Celsius Network, from trading commodities and registering with the CFTC. This follows a multi-agency crackdown where Mashinsky was sentenced to 12 years in prison for causing $4.7 billion in customer losses through fraud. Mashinsky admitted to misrepresenting the safety of Celsius’s crypto lending platform, which collapsed in 2022, leading to significant investor losses. The ban ensures Mashinsky cannot return to commodities markets even after serving his sentence.

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