Founders of Celsius Network Ordered to Pay $16.5 Million to Resolve FTC Charges

Proposed orders also ban defendants from marketing or selling products or services that can be used to deposit or withdraw assets Alexander Mashinsky, the former CEO of cryptocurrency platform Celsius Network Inc. (Celsius), and his business partners, Shlomi Daniel Leon and Hanoch “Nuke” Goldstein, will pay a total of $16.5 million to resolve the Federal Trade Commission’s charges that they deceived users by falsely promising that deposits made to their cryptocurrency platform would be safe and