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Celsius co-founders to pay $6.5M to settle FTC charges over misleading crypto claims

Market News
21 Jul 2026
Crypto news
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Bearish
pluang ai news

Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein will pay a combined $6.5 million to settle Federal Trade Commission charges accusing them of falsely promoting the safety and availability of customer deposits. This follows former CEO Alex Mashinsky's $10 million settlement, bringing total payments from the three founders to $16.5 million. The FTC alleged Celsius misled customers about reserves, insurance, and lending practices before its 2022 bankruptcy. The settlements include bans on marketing crypto products and restrictions on business activities to prevent future misleading claims.

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2 hours ago
Spot altcoin ETFs see modest inflows mainly in XRP, Solana, and Hedera amid cautious market demand.

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XRP struggles below $1.20 amid low network activity and selling pressure, awaiting a breakout above $1.29 for bullish momentum.

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