Federal Trade Commission v. Celsius Network Inc. et al

  1. December 14, 2023

    Celsius Founders Can't Shed FTC Crypto Fraud Claims

    A New York federal judge refused to dismiss the Federal Trade Commission's suit claiming the co-founders of the now-bankrupt crypto lender Celsius misrepresented its business practices prior to its bankruptcy in July, saying the regulator had made a substantial case for the ex-leaders' individual responsibility for the alleged fraud.

  2. September 26, 2023

    FTC Says Celsius Founders Can't 'Jettison' Its Crypto Suit

    The U.S. Federal Trade Commission has told a New York federal judge that the co-founders of bankrupt crypto lender Celsius shouldn't be allowed to escape the agency's claims that they misused customer information, saying its complaint shows they had control of the business and directly participated in its downfall.

  3. July 13, 2023

    Celsius Founder Indicted As Feds Ramp Up Crypto Offensive

    New York federal prosecutors on Thursday ratcheted up a cryptocurrency fraud crackdown, announcing criminal charges against the founder and former CEO of now-bankrupt Celsius Network LLC for allegedly misleading customers about "core aspects" of the company's business.