Celsius founder Alex Mashinsky has been hit with a $4.7 billion penalty

U.S. regulators have imposed a $4.7 billion penalty on Alexander Mashinsky and permanently banned him from the crypto and financial services industries, in one of the strongest enforcement actions since the sector’s 2022 collapse. The move by the Federal Trade Commission adds a major civil penalty to the 12-year prison sentence Mashinsky is already serving. […]