Former Celsius CEO banned for life by the CFTC, closing the fraud case
- Alexander Mashinsky, the founder of the now-bankrupt crypto lending platform Celsius, has received an official ban from the U.S. Commodity Futures Trading Commission (CFTC), prohibiting him from registering or participating in any activities under the CFTC's jurisdiction.
- This marks the final step in the series of sanctions against Mashinsky, who was sentenced to prison for fraud related to the collapse of Celsius in 2022.
- The ban adds further civil penalties, but the specific amount has not been disclosed. This incident highlights the tightening regulations for crypto operators in the U.S.
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Source: CoinDesk