Celsius' Mashinsky gets permanent trading ban in CFTC settlement

CFTC permanently bans Alex Mashinsky from trading US commodities, futures and derivatives in a court consent order. The ban follows a 2023 enforcement action alleging Mashinsky defrauded customers by misrepresenting the safety and profitability of Celsius' crypto lending platform. The settlement ends the CFTC's first case against a digital asset lending platform and bars Mashinsky from registering with the regulator.