Celsius Co-Founders to Pay Over $6 Million to the FTC as Part of the Fight Against Crypto Market Fraud
2026-07-22 11:26:10
The co-founders of Celsius Network have agreed to pay the Federal Trade Commission (FTC) more than $6 million as part of a settlement over allegations of deceptive practices in the cryptocurrency market. This agreement is part of a large-scale campaign to combat fraud and abuse in digital finance being carried out by U.S. regulators in 2026.The FTC found that Celsius and its management misled investors regarding the safety and returns of their products, which led to significant financial losses among the platform’s users. As a result of the investigation, the company and its co-founders agreed to pay over $6 million in compensation to affected customers and to settle the claims.This decision reflects increased oversight of the cryptocurrency industry: in the first half of 2026 alone, the FTC and other federal agencies launched more than 30 investigations against crypto companies. According to analysts’ estimates, the total amount of penalties in the digital assets sector has exceeded $500 million over the past 12 months.The FTC emphasizes that the settlement with Celsius should serve as a signal to other market participants regarding the need for transparency and compliance with consumer protection standards. Increased regulatory oversight is aimed at creating a safer and more reliable environment for investors and users of digital assets.
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