According to The Block, the Federal Trade Commission filed a $4.7 billion judgment against former Celsius CEO Alex Mashinsky on Tuesday (April 28), with most of the penalty suspended. Mashinsky must pay $10 million in restitution unless additional undisclosed assets or financial misstatements are di

According to an FTC filing on Tuesday (April 28), the Federal Trade Commission entered a $4.7 billion judgment against former Celsius CEO Alex Mashinsky, with most of the amount suspended. Mashinsky is required to pay $10 million unless he failed to disclose material assets or made misstatements

According to ChainCatcher, Celsius founder Alex Mashinsky agreed to settle with the U.S. Federal Trade Commission (FTC) on April 29, paying $10 million and facing a permanent ban on promoting, marketing, or distributing any products or services related to asset deposits, exchanges, investments, or w

The U.S. Federal Trade Commission has proposed a settlement with Nomad cryptocurrency bridge operator Illusory Systems, involving losses from the 2022 hacking attack and security measures. The plan requires the implementation of an information security program and the return of recovered funds. The incident resulted in the theft of $186 million in digital assets.

PANews, November 24 news, market news: US senators are calling for the Federal Trade Commission (FTC) and the SEC to investigate scam ads on the Meta platform.