Real-Time Crypto News & Market Intelligence

Celsius Co-Founders Reach FTC Settlement Totaling Over $6 Million

Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have agreed to pay more than $6 million to resolve Federal Trade Commission allegations stemming from the cryptocurrency lending platform’s collapse.

Goldstein, the former chief technology officer, will pay $2.014 million, while Leon, the former chief strategy officer, will pay $4.1 million under separate court orders. The settlements follow a $10 million agreement reached by former chief executive Alex Mashinsky in April.

Celsius held assets valued at $25 billion at its peak but owed customers $4.7 billion when it filed for bankruptcy in July 2022. The FTC alleged that executives misrepresented the platform’s reserves, insurance coverage and lending practices, including claims of safety made shortly before the filing.

The orders also prohibit Leon and Goldstein from marketing or selling products involving deposits, exchanges, investments or withdrawals of digital assets. Payments will offset part of a larger $4.72 billion judgment for alleged consumer harm.

Mashinsky received a 12-year prison sentence in May 2025 after pleading guilty to fraud charges related to misleading customers on risks and profitability.

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