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Jul 20, 2026

Celsius Network Founders Ordered to Pay More Than $16.1 Million to Resolve FTC Charges

Former Celsius CEO Alexander Mashinsky and business partners Shlomi Daniel Leon and Hanoch “Nuke” Goldstein were ordered to pay $10 million, $4.1 million, and $2.014 million, respectively, to resolve Federal Trade Commission charges related to the collapsed cryptocurrency lending platform. Mashinsky and Leon are permanently barred from marketing or selling certain asset-related products or services, while Goldstein is permanently barred from marketing or selling specified retail cryptocurrency products or services.

Jul 20, 202613 sources

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Celsius Network Founders Ordered to Pay More Than $16.1 Million to Resolve FTC Charges

Celsius Founder Alex Mashinsky Receives Lifetime Crypto Ban and $10 Million FTC Settlement

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