Celsius Network said its $4.7 billion settlement with the FTC would not affect its restructuring or restoring assets for clients. Celsius said in a statement filed with the court on Thursday that the company "remains committed to the successful execution of its Chapter 11 program." "Celsius' special committee and senior leadership remain committed to ongoing engagement with regulators and government agencies, and remain focused on maximizing value for stakeholders." As previously reported, Celsius Network reached a settlement agreement with the U.S. Federal Trade Commission (FTC) , the business will be barred from dealing with consumers’ assets, while the business and its affiliates agree to a $4.7 billion judgment. But former Celsius CEO Alex Mashinsky, along with Celsius’ other co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein A settlement has not been agreed to. The FTC's lawsuit against them will be heard in federal court.

Celsius Network said its $4.7 billion settlement with the FTC would not affect its restructuring or restoring assets for clients. Celsius said in a statement filed with the court on Thursday that the company "remains committed to the successful execution of its Chapter 11 program." "Celsius' special committee and senior leadership remain committed to ongoing engagement with regulators and government agencies, and remain focused on maximizing value for stakeholders." As previously reported, Celsius Network reached a settlement agreement with the U.S. Federal Trade Commission (FTC) , the business will be barred from dealing with consumers’ assets, while the business and its affiliates agree to a $4.7 billion judgment. But former Celsius CEO Alex Mashinsky, along with Celsius’ other co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein A settlement has not been agreed to. The FTC's lawsuit against them will be heard in federal court.