Deep Tide TechFlow News, April 29, according to Cointelegraph, Celsius founder Alex Mashinsky reached a settlement agreement with the U.S. Federal Trade Commission (FTC), agreeing to pay $10 million and being permanently prohibited from promoting, marketing, or distributing any products and services related to asset deposits, exchanges, investments, or withdrawals. The court also ordered a monetary judgment of $4.72 billion, but most of it was temporarily suspended—if Mashinsky is found to have concealed or misreported assets in financial disclosures, the judgment will be immediately enforced. Previously, Mashinsky was sentenced to 12 years in prison in May 2025 for commodities fraud and securities fraud.

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