Celsius Co-Founders to Pay Over $6 Million to Settle FTC Charges

According to FTC orders signed on Monday and June 29, Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein are required to pay over $6 million combined to settle charges that they misled customers about the platform's safety before its 2022 collapse. Leon, former chief strategy officer, must pay $4.1 million, while Goldstein, former chief technology officer, must pay $2.014 million. The FTC alleged Celsius falsely claimed to hold sufficient reserves for withdrawals, maintain $750 million in deposit insurance, and not issue unsecured loans. The orders also prohibit the executives from marketing certain financial and crypto products or services.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments