Celsius founder Alex Mashinsky settles FTC case with $10M payment

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Excerpt from the court filing. Source Court Listener According to the order, the remainder of the judgment beyond the $10 million payment obligation is suspended, but the suspension is conditional. It can be lifted if the FTC asks the court to do so and the court finds that Mashinsky failed to disclose a material asset, misstated the value of an asset or made another material misstatement or omission in his financial disclosures. Related: Judge rejects new trial for former FTX CEO Sam Bankman-Fried If the suspension is lifted, the order said the $4.72 billion judgment would become immediately due against Mashinsky. That amount would be reduced by any payments already made under the FTC order, any amount paid to consumers through the DOJ forfeiture order in his criminal case or any amounts Mashinsky can show were paid to consumers by other defendants, including through the Celsius bankruptcy case. The structure allows the FTC to preserve a larger consumer-redress claim while limiting Mashinsky’s immediate payment obligation. Magazine: Will the CLARITY Act be good — or bad — for DeFi?

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Source:CoinTelegraph

Published:2026-04-29 09:10:18

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