Alex Mashinsky

Alex Mashinsky
Mashinsky in 2021
Born
Alexander Mashinsky

1965 (age 58–59)[1]
Ukrainian SSR, Soviet Union (present-day Ukraine)
CitizenshipIsrael, United States
Occupation(s)Entrepreneur, CEO
EmployerCelsius Network
SpouseKrissy Mashinsky
Children6
Websitewww.mashinsky.com

Alexander Mashinsky (born 1965) is a Soviet-born Israeli-American entrepreneur, business executive and alleged fraudster. He is a cofounder and former CEO of Celsius Network, a bankrupt cryptocurrency lending platform.[2][3]

In the early 1990s, Mashinsky founded VoiceSmart, one of the first firms to offer telecommunications switches to handle ordinary voice as well as Voice over IP call routing.[4] Mashinsky founded GroundLink in 2004 as a service to book an on-demand limousine and car services from a computer or smartphone.[5] He was also the founder of Q-Wireless, which later became part of Transit Wireless.[6] From 2014 to 2015, Mashinsky was CEO of Novatel.[7]

Mashinsky is the defendant in a civil lawsuit brought in January 2023 by the Attorney General of New York, who accuses him of committing securities fraud during his time as Celsius CEO.[8] On July 13, 2023, the Securities and Exchange Commission charged Mashinsky and Celsius with violating federal security laws.[9] On the same day, he was indicted and arrested by federal authorities in the Southern District of New York for alleged fraud and market manipulation.[10][11]

  1. ^ "Celsius Founder And Former Chief Revenue Officer Charged In Connection With Multibillion-Dollar Fraud And Market Manipulation Schemes". United States District Court for the Southern District of New York. July 13, 2023. Alex Mashinsky's age is stated as 57 years old in the press release published on July 13, 2023 by the United States District Court for the Southern District of New York.
  2. ^ Pattnaik, Bibhu (January 30, 2022). "Celsius CEO Says Bitcoin May Crash Ahead Of Massive Rally, Ethereum Heading To New All-Time High". Benzinga. Archived from the original on 28 April 2022. Retrieved 22 April 2022.
  3. ^ Gladstone, Alexander; Huang, Vicky; Biswas, Soma (July 14, 2022). "Crypto Crash Drags Lender Celsius Network Into Bankruptcy". The Wall Street Journal. Archived from the original on August 26, 2022. Retrieved July 14, 2022.
  4. ^ Faridi, Omar (August 4, 2020). "Alex Mashinsky from Celsius Network Argues that the Ethereum based Lending Platform Is Better than its DeFi Competitors". Crowdfund Insider. Archived from the original on 18 February 2022. Retrieved 22 April 2022.
  5. ^ Cite error: The named reference Garmhausen 2018 was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference Kolodny 2018 was invoked but never defined (see the help page).
  7. ^ Kobialka, Dan (November 7, 2014). "Novatel Wireless Appoints Alex Mashinsky as Permanent CEO". Channel Futures. Archived from the original on 29 November 2021. Retrieved 22 April 2022.
  8. ^ Cite error: The named reference cnbc-2023-01-05 was invoked but never defined (see the help page).
  9. ^ "SEC.gov | SEC Charges Celsius Network Limited and Founder Alex Mashinsky with Fraud and Unregistered Offer and Sale of Securities". www.sec.gov. Retrieved 2023-11-03.
  10. ^ "Alex Mashinsky, Ex-CEO of Bankrupt Celsius, Arrested Thursday". Bloomberg News. Retrieved 13 July 2023.(subscription required)
  11. ^ "Celsius Founder And Former Chief Revenue Officer Charged In Connection With Multibillion-Dollar Fraud And Market Manipulation Schemes". U.S. Department of Justice. 2023-07-13. Retrieved 2023-11-03.