Celsius founder Alex Mashinsky reaches settlement with FTC, will pay $10 million

Odaily News Celsius founder Alex Mashinsky has reached a settlement with the U.S. Federal Trade Commission (FTC), agreeing to pay $10 million and being permanently banned from promoting any products or services involving the deposit, exchange, investment, or withdrawal of assets.

According to a court order, most of the enforcement of the FTC's previous $4.72 billion judgment has been suspended, but if there are significant omissions or false statements in Mashinsky's financial disclosures, the judgment amount could be reinstated. Previously, Mashinsky was sentenced to 12 years in prison in 2025 for commodities fraud and securities fraud. (Cointelegraph)