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  • Celsius founder Alex Mashinsky settles FTC case with $10M payment
    Cointelegraph.com - 10:10 Apr 29, 2026
    Celsius founder Alex Mashinsky settles FTC case with $10M paymentThe FTC order ties Mashinsky’s $10 million payment to a mostly suspended $4.72 billion judgment that can be revived over asset disclosures. Celsius founder Alexander Mashinsky agreed to a US Federal Trade Commission (FTC) settlement that permanently bars him from promoting asset-related products and requires a $10 million payment tied to a broader, mostly suspended $4.72 billion judgment.  The stipulated order, entered by Judge Denise Cote in the Southern District of New York on Tuesday, said Mashinsky is “permanently restrained and enjoined” from advertising, marketing, promoting, offering or distributing any product or service that can be used to “deposit, exchange, invest, or withdraw assets.” The order entered a $4.72 billion monetary judgment in favor of the FTC against Mashinsky, but most of it was suspended. Mashinsky must now pay $10 million to the FTC. However, the order said this obligation can also be satisfied if he pays at least $10 million to the US Department of Justice under the forfeiture ord...
  • Alex Mashinsky forfeits rights to Celsius assets amid ongoing bankruptcy process
    CryptoSlate - 21:30 Jun 20, 2025
    Alex Mashinsky, the former CEO of Celsius, has agreed to surrender all rights to assets tied to the collapsed crypto lender. According to newly filed court documents, Mashinsky and entities associated with him, including AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC, will be excluded from any future distributions under the Celsius bankruptcy plan. The […] The post Alex Mashinsky forfeits rights to Celsius assets amid ongoing bankruptcy process appeared first on CryptoSlate.