Alex Mashinsky is an Israeli-American entrepreneur, business executive, and fraudster. He co-founded and formerly served as the CEO of Celsius Network, a cryptocurrency lending platform that declared bankruptcy. His involvement in the company's downfall and alleged fraudulent activities have significantly impacted the cryptocurrency market.
Alex Mashinsky, the founder of Celsius Network, was sentenced to 12 years in prison for his involvement in a multi-billion-dollar crypto fraud case. The sentencing marks a significant development in the aftermath of Celsius's collapse.
In October 1965, Alexander Mashinsky was born in the Ukrainian SSR. He is now known as an Israeli-American entrepreneur, business executive, and fraudster. This date marks the beginning of his life and eventual career in the tech and cryptocurrency industries.
In 1965, Alexander Mashinsky was born in the Soviet Union into a Jewish family. This event marks the beginning of his life, which would later involve moving to Israel and then the United States.
In 1984, Alex Mashinsky began his service in the Israeli Army, where he trained as a pilot and later served in the Golani Brigade.
In 1987, Alex Mashinsky concluded his service in the Israeli Army, where he had trained as a pilot and served in the Golani Brigade.
In 1988, Alex Mashinsky relocated to the United States, marking a significant transition in his life and career aspirations.
After the Tiananmen Square protests of 1989, Alex Mashinsky's business trading contracts for chemicals slowed down due to the decline in sodium cyanide exports from China. Following this downturn, he transitioned to working at A+ Systems.
By 1993, Alex Mashinsky recognized the potential for a commodity market for international telephone capacity, leading to his later ventures in the telecommunications industry.
In 1996, Alex Mashinsky founded Arbinet, a marketplace for VoIP telephone service. The platform was one of the first to enable telecommunication companies to trade minutes.
In November 1997, Arbinet, founded by Alex Mashinsky, began offering a service for data connectivity, allowing over 400 T1 lines connected to its New York hub to exchange unused bandwidth.
In 2004, Alex Mashinsky founded GroundLink, a service that allowed users to book on-demand limousines and car services using a computer or smartphone.
In 2005, Alex Mashinsky sold his stake in Arbinet and used some of the profits to found GroundLink, a company that allowed people to book limousine and car services via smartphone or computer.
By 2010, Alex Mashinsky's company, Q-Wireless, which is part of Transit Wireless, was contracted to install wireless cellphone and free Wi-Fi internet service at 277 underground subway stations in New York City.
In 2010, Alex Mashinsky organized a joint venture between GroundLink and several limousine and car service companies. These companies, along with LimoRes Car & Limo Service, also founded by Mashinsky, installed free Wi-Fi service funded by advertising sales and partnered with Gogo Inflight Internet to offer in-flight WiFi passes.
In April 2014, Alex Mashinsky was appointed to the board of directors of Novatel, a company known for providing Wi-Fi hotspot products. This marked his entry into a leadership role within the company.
In 2014, Alex Mashinsky was appointed to the board of directors of Novatel, a company specializing in Wi-Fi hotspot products. This marked a significant step in his career, expanding his involvement in the technology sector.
In October 2015, Alex Mashinsky left his position as CEO of Novatel after serving for approximately a year and a half. He later stated that his termination was due to his refusal to relocate.
In 2015, Alex Mashinsky stepped down from his position as CEO of Novatel after serving for a year and a half. This departure was later attributed to his refusal to relocate to the company's headquarters.
In September 2016, Alex Mashinsky was hired as the Global CEO of RTX, a London-based financial technology firm in the telecom industry.
According to his 2018 deposition, Alex Mashinsky left RTX after a dispute with management, following six months in the role as Global CEO.
In a 2018 deposition, Alex Mashinsky said that he was terminated from his post as CEO of Novatel because he refused to move from New York to Novatel's San Diego headquarters.
In January 2022, Alex Mashinsky assumed control over Celsius Network's trading strategy, reportedly directing large individual cryptocurrency trades and overruling executives.
In May 2022, Alex Mashinsky withdrew $10 million from Celsius Network. A spokesperson stated that the funds were intended for tax payments and estate planning.
On July 13, 2022, Celsius Network filed for Chapter 11 bankruptcy, one month after pausing customer withdrawals. Alex Mashinsky admitted that "the Company made what, in hindsight, proved to be certain poor asset deployment decisions."
On September 27, 2022, Alex Mashinsky resigned from his position as CEO of Celsius Network. He was replaced by Chris Ferraro as interim CEO. The Unsecured Creditors Committee viewed this executive change as "a positive step".
In October 2022, a report revealed that Alex Mashinsky's $10 million withdrawals from Celsius Network in May 2022 occurred as customers were withdrawing assets in large quantities, and the company was nearing bankruptcy. It was also estimated that Mashinsky sold $44 million worth of CEL tokens.
In 2022, The Wall Street Journal characterized Alex Mashinsky as a "brash, confident serial entrepreneur with a constant stream of big ideas", highlighting his active and ambitious approach to business ventures.
On January 5, 2023, the Attorney General of New York filed a civil lawsuit against Alex Mashinsky, accusing him of violating the state's Martin Act by committing securities fraud.
In January 2023, the Attorney General of New York initiated a civil lawsuit against Alex Mashinsky, accusing him of securities fraud during his tenure as CEO of Celsius Network.
On January 31, 2023, a court-appointed examiner, Shoba Pillay, filed a report on Celsius with the bankruptcy court. The report described "blatant fraud" by Alex Mashinsky during his time as CEO and was critical of the "Ask Mashinsky Anything" livestreams.
On July 13, 2023, the Securities and Exchange Commission (SEC) charged Alex Mashinsky and Celsius Network with violating federal security laws. On the same day, federal authorities arrested and indicted him in the Southern District of New York on charges of fraud and market manipulation.
On December 3, 2024, Alex Mashinsky pleaded guilty to one count of commodities fraud and one count of securities fraud, and agreed to forfeit $48 million. The charges carry a maximum sentence of 30 years in prison.
April 8, 2025, was the initially scheduled sentencing date for Alex Mashinsky after he pleaded guilty to fraud charges. However, the sentencing was later delayed.
The United States of America is a federal republic of...
Ethereum is a decentralized open-source blockchain platform distinguished by its...
The Union of Soviet Socialist Republics USSR existed from to...
Cryptocurrency is a digital currency operating independently of central authorities...
China officially the People's Republic of China PRC is located...
A car or automobile is a wheeled motor vehicle designed...
16 minutes ago Godfather Fans Shocked: Iconic Scene with James Caan Was Improvised!
16 minutes ago Jennifer Lawrence's Baseball Cap Trend: Celebrities Embrace Novelty and Vintage Styles
1 hour ago Milan Defeats Bologna 3-1 with Gimenez's Brace and Pulisic's Goal in Serie A
1 hour ago Andre Dillard Joins 49ers After Eagles Stint: New Team, New Opportunities Await
2 hours ago Zach Bryan Secures Massive $350 Million Label and Publishing Agreements: A Jackpot Deal
2 hours ago Alex Mashinsky, Celsius Founder, Receives 12-Year Sentence for Crypto Fraud.
Jane Goodall is a renowned English primatologist zoologist and anthropologist...
Pope Francis is the current head of the Catholic Church...
Cristiano Ronaldo often nicknamed CR is a highly decorated Portuguese...
The Real ID Act of is a US federal law...
Michael Jordan also known as MJ is an American businessman...
Russell Westbrook III is an American professional basketball player currently...