Celsius Founder Mashinsky Receives Permanent Trading Ban on June 18 After Fraud Conviction

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According to the CFTC, on June 18, federal regulators entered a consent order imposing permanent trading and registration bans on Alexander Mashinsky, founder and former CEO of Celsius Network, over defrauding approximately 20 billion dollars in customer assets. The order permanently enjoins Mashinsky from further violations of anti-fraud provisions under the Commodity Exchange Act and CFTC regulations. Mashinsky was previously sentenced on May 8, 2025, to 12 years in prison and ordered to pay a 50,000 dollar fine and forfeit 48.3 million dollars for committing commodities fraud and securities fraud at Celsius.
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