According to Wu Blockchain, the U.S. Commodity Futures Trading Commission (CFTC) has announced a settlement with Celsius founder and former CEO Alexander Mashinsky. Under a consent order signed by the U.S. District Court for the Southern District of New York, Mashinsky is permanently banned from violating anti-fraud provisions of the Commodity Exchange Act and has been issued a permanent trading and registration ban. The CFTC accused Mashinsky of falsely promoting the safety, profitability, and compliance of the Celsius platform between 2018 and 2022, misleading customers into depositing digital assets. Celsius allegedly used high-risk investment strategies to fulfill promised returns, ultimately leading to bankruptcy, involving approximately $20 billion in customer funds. Mashinsky pleaded guilty to charges of commodity fraud and securities fraud in December 2024 and was sentenced to 12 years in prison in May 2025. He was also fined $50,000 and ordered to forfeit approximately $48.39 million in assets. https://www.(wublock123.com)/news/cftc-settles-with-celsius-founder-mashinsky-permanent-trading-ban-63052