CFTC Imposes Permanent Trading Ban on Alex Mashinsky, Former Celsius Founder
The CFTC has reached a settlement that permanently bars Alex Mashinsky, the founder of Celsius, from trading in its markets or registering with the agency.
Editorial Staff
1 min read
Updated about 20 hours ago
The Commodity Futures Trading Commission (CFTC) has taken decisive action against Alex Mashinsky, the founder of the now-defunct Celsius network. Following a conviction for fraud, Mashinsky is now permanently banned from trading in CFTC markets.
This settlement reflects the regulatory body's commitment to maintaining the integrity of the financial markets and preventing individuals with a history of fraudulent activity from participating.
As a result of this ban, Mashinsky will not be able to register with the CFTC, further limiting his ability to engage in trading activities.