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Celsius Founder Alex Mashinsky Banned From Crypto Industry in $10 Million FTC Settlement
Alex Mashinsky, former CEO and founder of collapsed crypto lending platform Celsius Network, reached a $10 million settlement with the Federal Trade Commission that permanently bans him from working in the cryptocurrency industry. The FTC initially secured a $4.7 billion judgment against Mashinsky tied to losses from the Celsius collapse, though the vast majority of that has been suspended, with only $10 million required to be paid. “Mashinsky is permanently restrained and enjoined from advertising, marketing, promoting, offering, or distributing, or assisting in the advertising, marketing, promoting, offering, or ... (full story)
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