The Federal Trade Commission has ordered Celsius Network's co-founders Shlomi Leon and Hanoch Goldstein to collectively pay over $6 million to settle allegations of consumer deception. The settlement addresses claims that the executives misrepresented platform safety and returns to investors prior to the company's bankruptcy filing in 2022. This enforcement action reflects regulatory scrutiny on misleading marketing practices within the cryptocurrency lending sector and underscores the FTC's commitment to protecting digital asset investors from fraudulent business claims.

Summary auto-generated by AI from the original publisher's content. Editorial standards.