Celsius Network Founder Banned from US Commodities Markets Amid Fraud Charges

Alex Mashinsky's Celsius Network faced another setback after he accepted a permanent ban from U.S. commodities markets as part of a CFTC settlement.

The order closed the agency's civil enforcement action against Mashinsky and Celsius, which had accused them of fraud tied to the collapsed lending platform.

Mashinsky also received a 12-year prison sentence in May 2025 for securities and commodities fraud, according to the Department of Justice.

The enforcement action highlights how U.S. agencies are treating failed crypto lenders after 2022, focusing on marketing claims, customer risk disclosures, and executive conduct.