Celsius Founders Agree to Pay $16.5M Settlement with FTC

Three former Celsius Network executives have agreed to a $16.5 million settlement with the Federal Trade Commission (FTC) over deceptive claims made during their operation of the now-defunct cryptocurrency platform. The founders, including Alex Mashinsky who was previously sentenced for fraud, falsely assured users that deposits were safe and available while promoting high interest rates on its Earn product.

By Gabrielle Saulsbery Tue, July 21, 2026 at 6:58 PM GMT+3 2 min read · Yahoo Finance · July 21, 2026, 15:58 UTC

Topics: bankruptcy cryptocurrency deception charges FTC action

Read the full article at Yahoo Finance

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