Celsius Founder Alex Mashinsky Faces $4.72B FTC Judgment, Gets Lifetime Ban From Crypto
A federal judge imposed a $4.72 billion judgment against Alex Mashinsky, banning him from the financial industry and sentencing him to 12 years in prison.
BIS Report: Crypto Earn Products Resemble Deposits With No FDIC Protection
Major crypto platforms now operate like banks, exposing users to risks without deposit insurance, as highlighted by the BIS Financial Stability Institute.