Cryptocurrency platform Celsius Network has reached a settlement with the US Federal Trade Commission (FTC) to pay $4.7bn in penalties for violating US law. The fine is currently suspended, allowing Celsius to repay creditors. However, any excess funds found beyond the amount needed for repayments will be confiscated. While this decision concludes the Celsius Network's saga, co-founders Alex Mashinsky, Shlomi Daniel Leon, and Hanoch Goldstein rejected the deal and will now face a federal lawsuit. Furthermore, the Celsius Network and associated entities are banned from handling customer deposits.