- Charged with securities fraud
- Three federal agencies also filed civil lawsuits against Mashinsk, alleging Celsius defrauded investors
- Celisus was founded in 2017
- Promised returns as high as 17% by loaning out user's crypto
-  At one point held more than $13 billion in customers’ crypto balances
- Halted customer withdrawals in June 2022
- The FTC said it has settled with Celsius for $4.7 billion, which will be paid AFTER creditors and customers have been repaid in bankruptcy proceedings

Will there even be anything left? I'm under the impression that customers won't be made whole.

![Image upload](https://cdn.commonstock.com/bacced96ac4be0cfa22a927a061bf78fb75af9b8ffead4c865bb3d17bccf7f67.webp)

Much of Celsius customers’ assets are still locked up in bankruptcy a year later. Customers face the prospect of getting a fraction of their assets back in the bankruptcy process.