Celsius founder Alexander Mashinsky has reached a settlement with the U.S. Federal Trade Commission (FTC), which will permanently ban him from promoting products or services used for depositing, exchanging, investing, or withdrawing assets, and he must pay $10 million. A court order signed by Judge Denise Cote of the Southern District of New York on Tuesday shows that the FTC's $4.72 billion compensation judgment against Mashinsky has largely been stayed, but if he fails to disclose significant assets, misreports asset values, or has material omissions in his financial disclosures, the stay can be lifted, and the related judgment amount will become immediately due. In May 2025, Mashinsky was sentenced to 12 years in prison for admitting to commodity and securities fraud. (Cointelegraph)