Tag: deception

Celsius Network Founders to Pay $16.5 Million in FTC Deception Settlement

20 Jul 2026 3:51 p.m.

Celsius Network founders, including former CEO Alexander Mashinsky, will pay $16.5 million to resolve FTC charges of deceiving users about crypto deposit safety. They are also banned from marketing or selling asset deposit/withdrawal services.

Politics and Government Business Law Enforcement Federal Government Economy Financial Markets Legal Computers and Internet Alexander Mashinsky Celsius Network Federal Trade Commission Cryptocurrency Deception Settlement Financial Services