Celsius Network

The US commodities watchdog has settled with Celsius founder Alex Mashinsky, ending the agency’s first-ever case against a crypto lending platform.

The settlement ensures that convicted Celsius founder Alex Mashinsky is unable to trade in CFTC markets or register with the regulator.

The CFTC said it has settled its case against former Celsius CEO Alexander Mashinsky, who is currently serving a 12-year prison sentence.

Alexander Mashinsky, the founder of failed crypto lender Celsius, had earlier been imprisoned for fraud and is now formally banned from CFTC registration.

The Polymarket insider trading case and a retrial of Tornado Cash co-founder Roman Storm are expected to move forward in late 2026 while former Celsius CEO Alex Mashinsky awaits a response to his motion to vacate his sentence.

Celsius founder and former CEO Alex Mashinsky hopes to have his prison sentence vacated, claiming a legal conflict tied to Sam Bankman-Fried.

Former CEO Alex Mashinsky filed documents seeking to vacate his 12-year sentence, which included claims involving FTX and a “hostile takeover” by a former Celsius executive, who was sentenced to time served.

Celsius‘ former chief revenue officer received a lenient sentence after his 2023 guilty plea for fraud and conspiracy to commit price manipulation.

Former Celsius chief revenue officer Roni Cohen-Pavon, scheduled to be sentenced on Thursday after a guilty plea, agreed to a judgment of $1 million that he obtained as a result of his crimes.

US authorities find an additional $10 million connected to Sam Bankman-Fried, the former CEO of Celsius ditches his legal team and a new law in Washington state bans crypto ATMs.

While Roni Cohen-Pavon’s lawyers have asked for time served, US Attorney Jay Clayton was unspecific in the federal government’s recommendation, requesting the judge defer to sentencing guidelines.