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Celsius Network’s founders were ordered to pay $16.5 million over FTC charges

Three founders of the collapsed crypto lender Celsius Network have been ordered to pay a combined $16.5 million to resolve Federal Trade Commission charges that they deceived customers about the ...
Ars Technica

Celsius founder Alex Mashinsky sentenced to 12 years for “unbank yourself” scam

Alex Mashinsky—the disgraced founder of the Celsius Network cryptocurrency bank who deceived hundreds of thousands into losing billions with the catchy slogan “unbank yourself”—was sentenced to 12 ...
Cointelegraph

Tether settles Celsius claims for $300M, raising stablecoin liability concerns

Tether’s $299.5 million Celsius settlement could ignite a debate over stablecoin accountability and the legal risks facing issuers in future crypto bankruptcies. Stablecoin issuer Tether has agreed to ...
Law360

Celsius Network To Increase Creditor Payouts In Ch. 11 Exit

Law360 (November 21, 2023, 8:16 PM EST) -- Cryptocurrency investment platform Celsius Network said it has tweaked its confirmed Chapter 11 plan ahead of the launch of its new crypto mining company, ...