Former Celsius CEO reaches final settlement with CFTC, permanently banned from commodity futures trading and related activities

CoinFeed June 19 news, according to CoinDesk, former Celsius CEO Alexander Mashinsky has reached a final settlement with the U.S. Commodity Futures Trading Commission (CFTC), with the court officially approving a permanent ban on Mashinsky from engaging in any commodity futures trading, registration, or related business activities. Mashinsky had previously been sentenced to 12 years in prison for fraud, fined $50,000, and ordered to return $48 million.