Imprisoned Celsius founder Mashinsky permanently banned from CFTC-regulated activity

The CFTC permanently banned Alexander Mashinsky from commodities activity, adding a regulatory ban to his 12-year prison sentence for defrauding Celsius customers in the 2022 crypto collapse.

• The CFTC permanently restrained and prohibited Mashinsky from any commodities-related activity
• Mashinsky is already serving a 12-year prison sentence for fraud, with a $50,000 fine and $48 million in restitution
• The CFTC said Mashinsky misrepresented the safety and profitability of Celsius's platform to hundreds of thousands of customers
• Celsius was among the major crypto firms that collapsed in 2022, amplifying the market downturn
• The ban was approved by a U.S. District Court judge in the Southern District of New York

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Last updated 19 Jun 2026