Celsius founder Alex Mashinsky settles FTC case with $10M payment
Celsius founder Alex Mashinsky settled an FTC case, paying $10 million while facing a mostly suspended $4.72 billion judgment that can be revived if asset disclosures prove false. The permanent ban prohibits promoting crypto products. This follows his 12-year prison sentence for defrauding customers during Celsius's 2022 collapse, signaling regulators' intensifying enforcement against crypto platforms.
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