Celsius founder Alex Mashinsky has agreed to a settlement with the Federal Trade Commission requiring a $10 million payment and imposing a permanent ban on promoting asset-related products.
The order includes a $4.72 billion monetary judgment, though most of it is suspended, with Mashinsky allowed to satisfy the $10 million obligation through payments tied to his criminal forfeiture case.
The settlement follows Mashinsky’s 2025 sentencing to 12 years in prison after pleading guilty to fraud charges related to misleading Celsius customers about risks and the safety of funds.
Under the agreement, Mashinsky is permanently barred from marketing or offering services involving depositing, investing or transferring assets, effectively excluding him from future crypto or financial product promotion.
The remaining balance of the $4.72 billion judgment can be reinstated if the court finds Mashinsky failed to fully disclose assets or made material misstatements in financial filings.
The structure allows regulators to preserve a large potential consumer recovery claim while limiting Mashinsky’s immediate payment obligation to $10 million.
The case adds to the fallout from Celsius’s 2022 collapse, reinforcing regulatory scrutiny on crypto executives and accountability for misleading investors.