Ex-Celsius CEO Alexander Mashinsky Receives CFTC Ban in Final Settlement
**Regulators Deliver Final Blow to Former Celsius Head** The U.S. Commodity Futures Trading Commission (CFTC) has issued an indefinite ban against Alexander Mashinsky, the founder of the bankrupt crypto lender Celsius Network. The decision caps a multi‑year enforcement effort that concluded Mashinsky’s alleged misrepresentations and unauthorized trading violated several provisions of the Commodity Exchange Act. ### Key Takeaways - **Definitive Ban**: Mashinsky is barred from participating in any commodity futures or derivatives activities under CFTC jurisdiction. - **Violation Summary**: The CFTC cited false statements, deceptive marketing, and illicit trading practices as breaches of the Commodity Exchange Act. - **Enforcement Timeline**: The ban finalizes a prolonged investigation that began shortly after Celsius’s collapse in 2022. - **Industry Impact**: The action underscores heightened regulatory scrutiny of crypto lending platforms and their leadership. - **Future Consequences**: An indefinite prohibition may limit Mashinsky’s ability to re‑enter regulated financial markets in the United States. For the complete details, read the full article below. [Read Full Article](https://news.ababil360.com/ex-celsius-ceo-alexander-mashinsky-receives-cftc-ban-in-final-settlement/) #CFTC #AlexanderMashinsky #CelsiusNetwork #CryptoRegulation #CommodityFutures #FinancialCrime #SEC #CryptoLending #Enforcement #newsababil360
