Alex Mashinsky, the founder of Celsius Network, has been permanently barred from trading in CFTC-regulated markets following a settlement approved by the U.S. District Court for the Southern District of New York. This ban also prohibits him from registering with the Commodity Futures Trading Commission.
The action stems from a lawsuit filed by the CFTC in 2023, which accused Mashinsky and Celsius of deceiving investors regarding the security and profitability of their platform, which managed approximately $20 billion in assets. In May 2025, Mashinsky received a 12-year prison sentence for related fraud charges.
