Celsius Founder Reaches Settlement with FTC, Faces Permanent Ban

Celsius founder Alexander Mashinsky has reached a settlement with the U.S. Federal Trade Commission (FTC), according to Foresight News. The agreement permanently prohibits him from promoting products or services related to asset deposits, exchanges, investments, or withdrawals. Additionally, Mashinsky is required to pay $10 million. A ruling signed by Judge Denise Cote of the Southern District of New York on Tuesday indicates that the FTC's $4.72 billion judgment against Mashinsky is largely suspended. However, this suspension could be lifted if Mashinsky fails to disclose significant assets, misreports asset values, or omits crucial information in his financial disclosures, at which point the judgment amount would become immediately due. In May 2025, Mashinsky was sentenced to 12 years in prison after admitting to charges of commodities fraud and securities fraud.