U.S. regulators resolve the Commodity Futures Trading Commission’s case against former Celsius Network founder and CEO Alexander (Alex) Mashinsky through a settlement and court order. The CFTC enters a final resolution that bars Mashinsky from trading in CFTC-regulated markets and from registering with the agency again. According to multiple reports, the ban is described as permanent and is not limited to the period before or during his current imprisonment.
The federal court in New York enters the consent order as part of resolving the CFTC’s enforcement action. The settlement is tied to Mashinsky’s earlier criminal conviction, in which he is serving a 12-year prison sentence for defrauding consumers of approximately $4.7 billion. Multiple outlets report that the order prevents him from either trading commodities or seeking CFTC registration after he serves his sentence.
Taken together, the sources describe the CFTC’s action as a formal, final administrative and judicial bar on Mashinsky’s participation in CFTC markets, implemented through consent proceedings rather than a contested trial in the CFTC case.
