PANews April 30 news, according to The Block, according to Decrypt, former Celsius CEO Alex Mashinsky has reached a $10 million settlement with the Federal Trade Commission and is permanently banned from the cryptocurrency industry. The settlement significantly reduced the initial $4.7 billion fine ruling, most of which has been suspended. The court ordered to permanently prohibit Mashinsky from "promoting, marketing, promoting, providing, or distributing" any products involving asset deposits, exchanges, or investments. If Mashinsky fails to disclose significant assets, makes false statements about asset values, or commits significant false statements in financial disclosures, the suspended ruling may be reinstated. Mashinsky is currently serving a 12-year prison sentence for charges including commodity fraud and manipulating the price of Celsius's native token CEL.

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