Regulatory case
FTC v. Mashinsky, Leon and Goldstein
- Authority
- US Federal Trade Commission
- Case number
- Not published
- Filed or opened
- 13 July 2023
- Organization
- Celsius Network LLC
- Current stage
- Stipulated orders entered. One proposed order needed court approvalS6.
- Outcome
- Resolved by stipulated orders totaling US$16.5 million against the three foundersS6.
Decisions and steps
- Founders ordered to pay US$16.5 million and accept marketing bansS6
Claims this case bears on
- Partly supported85The FTC alleged that Celsius falsely told customers their deposits were safe, that the platform was safer than a bank, and that it held a US$750 million insurance policy for deposits.Regulator statement, 20 July 20263 records citedProduct claims
Sources
- S6Tier A Founders of Celsius Network Ordered to Pay $16.5 Million to Resolve FTC ChargesUS Federal Trade Commission. Regulator press release. 20 July 2026.Supports the deceptive marketing allegations and the US$16.5 million orders and bans. The orders are stipulated, not contested findings.