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Markets14h 10m ago

The Commodity Futures Trading Commission (CFTC) permanently banned Celsius founder Alex Mashinsky from trading markets regulated by the CFTC and imposed a permanent CFTC registration ban.

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United States

Who
Celsius founder Alex Mashinsky, Commodity Futures Trading Commission (CFTC)
What
The Commodity Futures Trading Commission (CFTC) permanently banned Celsius founder Alex Mashinsky from trading markets regulated by the CFTC and imposed a permanent CFTC registration ban.
When
Thu, 18 Jun 2026 21:02:06 GMT · 14h 10m ago
Where
United States ·
Why
Mashinsky was imprisoned for 12 years after pleading guilty to counts of securities and commodities fraud related to the unraveling of his lending business, which paused withdrawals and left customers without access to billions of dollars’ worth of deposits.
The Frontline Impact

How this affects you

The ban prevents Mashinsky from participating in CFTC-regulated markets and marks the completion of the regulator’s first case against a digital asset lending platform, following customer losses exceeding $5 billion.

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