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CFTC and Celsius founder Mashinsky reach settlement, permanently banned from trading and registering

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Wu Shuo learns that the U.S. Commodity Futures Trading Commission (CFTC) announced a settlement with Celsius founder and former CEO Alexander Mashinsky. According to the consent order signed by the Southern District of New York federal court, Mashinsky is permanently prohibited from violating the anti-fraud provisions of the Commodity Exchange Act and is subject to a permanent market trading ban and registration ban. The CFTC accused Mashinsky of making false statements from 2018 to 2022 about the safety, profitability, and compliance of the Celsius platform, inducing customers to deposit digital assets, while Celsius adopted high-risk investment strategies to fulfill promised returns and ultimately went bankrupt, involving approximately $20 billion of customer funds. Mashinsky admitted to commodity fraud and securities fraud charges in December 2024 and was sentenced to 12 years in prison in May 2025, along with a $50k fine and approximately $48.39 million in asset forfeiture.
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GateUser-e84f640c
· 5h ago
The Celsius case has finally wrapped up, with Mashinsky pleading guilty, settling, and going to jail—all three parts completed.
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SeaSaltMintCandy
· 5h ago
In 12 years, the sentence was light—$20 billion, and how many families were left ruined.
View OriginalReply0

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