Federal Trade Commission settles with Celsius for $4.7B fine; permanently bans company from all trading activities
The Federal Trade Commission (FTC) permanently banned bankrupt lender Celsius (CEL) Network “from offering, marketing, or promoting any product or service that could be used to deposit, exchange, invest, or withdraw any assets,” according to a July 13 statement. The regulator further stated that it agreed to a $4.7 billion fine with the bankrupt crypto...