According to the CFTC, on Thursday (June 17), the U.S. District Court for the Southern District of New York entered a consent order against former Celsius CEO Alexander Mashinsky, imposing permanent bans on trading and registration along with prohibitions on future violations of anti-fraud provisions.
Mashinsky, currently serving a 12-year prison sentence after pleading guilty to commodities fraud and securities fraud in 2023, received an additional $10 million settlement with the Federal Trade Commission last month for allegedly engaging in deceptive and unfair acts in marketing Celsius' crypto lending services.