Celsius Co founders Agree to Pay FTC Over $6 Million

Two former Celsius co founders, Nuke Goldstein and Daniel Leon, have reached a settlement with the Federal Trade Commission. The agreement requires them to pay a combined total of over $6 million. This move follows the agency's previous actions against the leadership team of the bankrupt lender.

This decision adds to the existing legal pressure surrounding the company. Back in April, former CEO Alex Mashinsky agreed to a $10 million settlement with the same regulator. These payments are part of a wider effort by authorities to address the fallout from the platform collapse.

Investors and market participants continue to monitor how these settlements affect the ongoing bankruptcy proceedings. While the payments represent a significant move for the regulators involved, the broader impact on the industry remains a point of discussion for those watching the legal environment surrounding digital assets.