Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have reached settlements with the Federal Trade Commission totaling more than $6 million over allegations related to the platform’s collapse.

US District Judge Denise Cote approved the orders, with Goldstein required to pay $2.014 million and Leon $4.1 million. The agreements resolve claims that executives misrepresented the safety and operations of the cryptocurrency lending platform prior to its 2022 bankruptcy.

The settlements extend regulatory consequences from the Celsius failure beyond former chief executive Alex Mashinsky, who reached a $10 million agreement with the FTC in April. Celsius held $25 billion in assets at its peak but owed users $4.7 billion when it filed for bankruptcy in July 2022.

The orders also impose bans on Leon and Goldstein from marketing or selling certain crypto-related products and services. The payments will be credited against a broader $4.72 billion judgment reflecting alleged consumer harm.

The FTC accused the company of falsely claiming sufficient reserves for withdrawals, a $750 million insurance policy on deposits and avoidance of unsecured loans. Executives continued to assure customers of safety shortly before the bankruptcy filing.

Mashinsky was sentenced to 12 years in prison in May 2025 after pleading guilty to fraud charges.