Press release report
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 always available. View Press Release
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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 always available. View Press Release
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What happened
According to Federal Trade Commission’s linked press release, 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 always available. View Press Release
Context
The development sits in VINI’s Technology coverage for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The linked press release is dated 2026-07-20T12:00:00+00:00.
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Source
Primary source: Founders of Celsius Network Ordered to Pay $16.5 Million to Resolve FTC Charges via Federal Trade Commission. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- Founders of Celsius Network Ordered to Pay $16.5 Million to Resolve FTC ChargesFederal Trade Commission - 2026-07-20T12:00:00+00:00
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