Cryptocurrency exchange Gemini sent $10 million in Bitcoin to the MAGA Inc. Super PAC supporting Donald Trump, weeks after the CFTC filed a motion to reverse a $5 million settlement with Gemini. This donation follows other contributions by the Winklevoss brothers to Trump's campaign.
Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein must pay over $6 million in FTC settlements for misrepresenting the platform's safety before its 2022 collapse. This follows former CEO Alex Mashinsky's earlier settlement and permanent trading ban.
Alex Mashinsky, former CEO of collapsed crypto lending platform Celsius Network, settled with the FTC for $10 million and received a lifetime ban from the cryptocurrency industry. The settlement reduces an initial $4.7 billion judgment tied to customer losses from Celsius's 2022 bankruptcy. The suspended judgment can be reinstated if Mashinsky fails to disclose assets or makes material misstatements. Mashinsky is currently serving a 12-year prison sentence after pleading guilty in December 2024 to commodities fraud and CEL token price manipulation.
Clarifai deleted 3 million OkCupid user photos used to train facial recognition AI after an FTC investigation revealed the data was shared in 2014 without proper user consent. The AI company also removed models trained on this data. OkCupid, owned by Match Group, settled the lawsuit last month without admitting wrongdoing, though Clarifai's data deletion implies the photos were indeed obtained. The FTC alleged Match Group and OkCupid concealed this behavior and obstructed the investigation.
