FTC tell Mashinsky make e pay $10M now, fit reach $4.7B restitution

US FTC don order former Celsius Network CEO Alex Mashinsky make e pay $10 million now and fit still face possible total restitution reach $4.7 billion wey dey related to Celsius collapse for 2022. The ruling announce for US District Court for the Southern District of New York. Mashinsky get lifetime ban from crypto and financial services industry. Under FTC orders, most of the $4.7 billion liability dey suspended for now. But the full amount fit return if prosecutors fit show say e lie for asset disclosures or hide important assets. FTC also impose long-term reporting and record-keeping requirements for up to 18 years. FTC talk say Mashinsky and other Celsius executives mislead consumers about the platform deposit and lending-yield model before the freeze and bankruptcy. Mashinsky plead guilty December 2024 to commodity fraud and to manipulating the price of the Celsius CEL token, and e receive 12-year jail sentence. For traders, the FTC orders signal tougher US enforcement against crypto fraud and high-yield CeFi schemes. In the near term, expect higher risk premia for yield products and compliance-led sector rotation effect more than direct impact on top liquid assets. CEL-linked sentiment fit strong pressure as the case reinforce credibility concerns around token pricing and disclosures.