Celsius Founder Reaches FTC Settlement, Faces Permanent Ban
Alexander Mashinsky has reached a settlement with the FTC, permanently banning him from promoting any asset-related products or services — deposits, exchanges, investments, or withdrawals — and requiring him to pay $10 million.
Key details:
· 🏛️ A $4.72B FTC judgment is largely suspended but could be reinstated if Mashinsky misrepresents assets
· ⏳ Suspension lifts immediately if he withholds critical financial information
· 🔒 Already serving 12 years after pleading guilty to commodities and securities fraud in May 2025
One of crypto's most high-profile collapses reaches another chapter. ⚖️
Source: Foresight News