Celsius Community: Founders Leon and Goldstein to Pay the FTC More Than $6 Million
- Celsius co-founders Alex Leon and Jason Goldstein have agreed to pay the FTC more than $6 million to resolve allegations of fraudulent conduct and violations of consumer protection laws.
- This settlement adds to an earlier agreement by CEO Alex Mashinsky, quien paid $10 million to the FTC in April.
- The payments are part of risk management efforts and efforts to recover assets following the collapse of the crypto lending platform Celsius.
- This underscores increased oversight by U.S. regulators of the digital asset industry and lending platforms.
- Investors are advised to monitor the progress of asset recovery and related legal developments.
#BinanceSquare #CryptoNews #Celsius #FTC #DeFi
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Source: CoinTelegraph
- Celsius co-founders Alex Leon and Jason Goldstein have agreed to pay the FTC more than $6 million to resolve allegations of fraudulent conduct and violations of consumer protection laws.
- This settlement adds to an earlier agreement by CEO Alex Mashinsky, quien paid $10 million to the FTC in April.
- The payments are part of risk management efforts and efforts to recover assets following the collapse of the crypto lending platform Celsius.
- This underscores increased oversight by U.S. regulators of the digital asset industry and lending platforms.
- Investors are advised to monitor the progress of asset recovery and related legal developments.
#BinanceSquare #CryptoNews #Celsius #FTC #DeFi
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph