#celsius Tech News.
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The CFTC issued a permanent trading ban against Celsius founder Alex Mashinsky for crypto fraud. The regulator's action bars Mashinsky from trading in any CFTC-regulated markets. The ban follows allegations of misleading customers about Celsius's financial health and yield rates.
Alex Mashinsky, the imprisoned former CEO of Celsius, received a permanent ban from commodities activity from the CFTC. The regulator added no new fines beyond the 12-year prison sentence, $50,000 fine, and $48 million restitution already imposed for fraud convictions.
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