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Celsius co-founder Leon and Goldstein will pay a fine of over $6 million to the US FTC
PANews July 21, according to Cointelegraph, Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein have been ordered to pay more than $6 million to settle the FTC’s claims that they misled users about safety before the Celsius collapse. Goldstein was fined $2.01M, and Leon was fined $4.1 million. The FTC alleged that Celsius told clients it had sufficient reserves, had $750 million in insurance coverage for deposits, and had not issued unsecured loans.
Previously, Celsius’ former CEO Alex Mashinsky settled the FTC’s claims in April for $10 million and was sentenced to 12 years in prison in May 2025 for commodities and securities fraud. When Celsius filed for bankruptcy in July 2022, it owed users $4.7 billion.