TechFlow News, June 19: The U.S. Commodity Futures Trading Commission (CFTC) has concluded its case against former Celsius CEO Alexander Mashinsky. Under the final order, Mashinsky is permanently barred from registering with the CFTC for any business activities and prohibited from participating in commodity trading activities subject to CFTC jurisdiction.
Previously, Mashinsky was sentenced to 12 years in prison for fraud, fined $50,000, and ordered to disgorge $48 million. Regulators stated that he misled customers regarding the safety, profitability, and regulatory compliance of the Celsius digital asset platform.
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