Celsius Network Fined $4.7B by FTC
The US Federal Trade Commission has fined the insolvent cryptocurrency lender Celsius Network $4.7 billion. The statement made on July 13 states that Celsius and its affiliated businesses will be prohibited from always “offering, marketing, or promoting any product or service that could be used to deposit, exchange, invest, or withdraw any assets.” The company’s […]
US FTC Opens Investigation Into OpenAI
The US Federal Trade Commission (FTC) wrote to OpenAI, the maker of the ChatGPT chatbot powered by artificial intelligence. The very popular artificial intelligence-based chatbot ChatGPT’s creator, OpenAI, purportedly received a notice from the US Federal Trade Commission (FTC) alleging that the system had disseminated false material. According to the most recent reports, the government […]
US FTC investigates crypto companies for false advertising
The Federal Trade Commission is looking into numerous unnamed cryptocurrency companies for allegations of misconduct in the promotion of digital assets. The Federal Trade Commission (FTC) of the United States is looking into a number of cryptocurrency companies for potentially fraudulent or misleading cryptocurrency advertising. FTC spokeswoman Juliana Gruenwald said the agency is looking into […]