Celsius founder Mashinsky reached a settlement with the FTC, paying $10 million and being permanently banned from promoting asset-related products

Celsius founder Alex Mashinsky has reached a settlement agreement with the Federal Trade Commission (FTC), agreeing to pay $10 million and being permanently banned from promoting, marketing, or distributing any products and services related to asset deposits, exchanges, investments, or withdrawals.

The court also ruled a $4.72 billion monetary judgment, but most of it is temporarily suspended—if Mashinsky is found to have concealed or misrepresented assets in financial disclosures, the judgment will be reinstated immediately. Previously, Mashinsky was sentenced to 12 years in prison in May 2025 for commodity fraud and securities fraud.