According to ChainCatcher, Celsius founder Alex Mashinsky agreed to settle with the U.S. Federal Trade Commission (FTC) on April 29, paying $10 million and facing a permanent ban on promoting, marketing, or distributing any products or services related to asset deposits, exchanges, investments, or withdrawals. The court also imposed a $4.72 billion monetary judgment, with most of it temporarily suspended pending Mashinsky’s financial disclosures.
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