According to The Block, the U.S. Federal Trade Commission on Tuesday imposed a $4.7 billion judgment on former Celsius CEO Alex Mashinsky, with most of the penalty suspended. Mashinsky must pay ( million dollars in damages unless additional undisclosed assets or financial misstatements are discovered. The U.S. Federal Trade Commission has permanently banned him from advertising, marketing, or distributing any products involving asset deposits, exchanges, or investments. Mashinsky is currently serving a 12-year sentence; he previously pleaded guilty in December 2024 to commodity fraud and manipulating Celsius's CEL token price.
According to The Block, the U.S. Federal Trade Commission on Tuesday imposed a $4.7 billion judgment on former Celsius CEO Alex Mashinsky, with most of the penalty suspended. Mashinsky must pay ( million dollars in damages unless additional undisclosed assets or financial misstatements are discovered. The U.S. Federal Trade Commission has permanently banned him from advertising, marketing, or distributing any products involving asset deposits, exchanges, or investments. Mashinsky is currently serving a 12-year sentence; he previously pleaded guilty in December 2024 to commodity fraud and manipulating Celsius's CEL token price.