Celsius co-founders Nischal Shetty and Vinodh Bala, along with former CEO Alex Mashinsky, have agreed to settle Federal Trade Commission (FTC) allegations of deceptive lending practices. The settlements require the trio to pay a total of over $16 million.
Source
"Celsius Co-Founders to Pay $6M in FTC Settlements" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
Nischal Shetty and Vinodh Bala will each contribute around $3 million to the settlement, while Alex Mashinsky will pay his portion of $10 million that was previously agreed upon in April.