The CFTC permanently banned convicted Celsius founder Alex Mashinsky from trading in its markets, completing its 2023 enforcement action. Mashinsky is already serving 12 years for fraud tied to Celsius's collapse, which cost customers over $5 billion.
Accountability for a major crypto fraudster strengthens regulatory enforcement and deters future bad actors, which is positive for the industry's legitimacy.
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Last updated 19 Jun 2026