financial times celsius - FTC Bans Celsius Founder Alex Mashinsky for Life and Imposes $10M Fine
The Federal Trade Commission (FTC) has banned Celsius founder Alex Mashinsky for life from crypto-related activities and fined him $10 million. The $4.7 billion judgment includes frozen user funds from the 2022 Celsius Network collapse. A network upgrade was not involved in the case. Mashinsky is serving a 12-year prison sentence for fraud tied to the CEL token. The ruling comes amid ongoing Federal Reserve news on financial regulation and market oversight.
The Federal Trade Commission [