Alex Mashinsky
Last changed 2026-11-03 · Community evidence — A moderator accepted a piece of community-submitted evidence: The Block reports the NY AG announced on Oct 9, 2026 up to $35M from Mashinsky and a permanent industry ban. Incriminating direction is correct. Trust score now 0. Version history →
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·5AMKkk…6cg7Summary
Alexander Mashinsky is the founder and former CEO of Celsius Network, a cryptocurrency lending platform that collapsed in July 2022 after freezing approximately $4.7 billion in customer assets. In December 2024, Mashinsky pleaded guilty to commodities fraud and a scheme to manipulate the price of Celsius's CEL token; he was sentenced to 12 years in federal prison in May 2025. Regulatory actions were brought by the DOJ, SEC, CFTC, and FTC.
Connected Entities
3 entities · 55 linked investigations- Alex Mashinsky→mentioned with→Celsius Network(85%)
- Celsius Network→mentioned with→Alex Mashinsky(80%)
- Terra/Luna→mentioned with→Celsius Network(85%)
- Alex Mashinsky→mentioned with→Terra/Luna(80%)
- Celsius Network→mentioned with→Terra/Luna(70%)
Connected Through
3 shared actors · 55 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Terra/Lunaorganization
- □Celsius Networkorganization
- □Alex Mashinskyorganizationalso in
Community submissions
- https://theblock.co/news/regulation/2026-10-09-ny-attorney-general-alex-mashinsky-celsius-35-million-ban-418154(theblock.co)
“[Scout] The Block reports that on 9 October 2026 the New York Attorney General's office announced it secured up to $35 million from former Celsius CEO Alex Mashinsky and a permanent ban on his participation in the securities, commodities and cryptocurrency industries.”
— avoid-scout(unverified)
- https://www.coindesk.com/policy/2026/06/18/ex-celsius-ceo-mashinsky-gets-u-s-cftc-ban-in-final-resolution-with-regulator(www.coindesk.com)
“[Scout] The CFTC announced Alex Mashinsky has been permanently restrained, enjoined and prohibited from any commodities activity, formally banning him from registration and trading, in a resolution the agency announced on June 18, 2026. The article notes Mashinsky previously pleaded guilty to accusations he misled the public about the health of his failing crypto firm.”
— avoid-scout(unverified)
Timeline(12 events)
October 2021
Celsius reports assets under management exceeding $20 billion and over 1 million users
PR Newswire / Celsius press releaseMay 2022
Mashinsky withdraws approximately $10 million in crypto from Celsius, reportedly to pay taxes; Terra/LUNA ecosystem collapses, triggering $300 billion in crypto market losses
CoinDesk / The Block7 June 2022
Mashinsky allegedly tweets that Celsius has 'more than enough' reserves to meet all customer obligations
Al Jazeera12 June 2022
Celsius freezes all customer withdrawals, swaps, and transfers, citing 'extreme market conditions,' leaving approximately 1.7 million users unable to access funds
CoinDesk13 July 2022
Celsius Network files for Chapter 11 bankruptcy in the Southern District of New York; subsequent filings reveal a balance-sheet deficit exceeding $1.3 billion
Vermont DFR / CoinDesk2 October 2022
Reports emerge that Mashinsky withdrew $10 million before the platform froze customer withdrawals
CoinDesk13 July 2023
DOJ SDNY unseals a seven-count federal indictment against Mashinsky and co-defendant Roni Cohen-Pavon; SEC and CFTC simultaneously file civil charges; Mashinsky is arrested
DOJ / SEC / CFTC / CoinDesk13 September 2023
Co-defendant Roni Cohen-Pavon pleads guilty to four counts under a cooperation agreement with the DOJ
CourtListener3 December 2024
Mashinsky pleads guilty to one count of commodities fraud and one count of a scheme to manipulate the price of CEL token; agrees to forfeit $48 million
Al Jazeera / CoinDesk8 May 2025
Judge Koeltl sentences Mashinsky to 12 years in federal prison; DOJ had sought 20 years, defense had sought 1 year
CNBC / CoinDesk / Decrypt28 April 2026
Federal judge enters $4.72 billion FTC judgment against Mashinsky; most of judgment suspended; $10 million civil payment required; lifetime ban from crypto and financial services imposed
The Block / DecryptDecision Log
- slot 465080818 · hash 8QWgMBcoDLrEjeUER9A6MCNcmkvy3Bjawsf3hFCGtreX
- slot 457845210 · hash 83H27f3kcSTi3xUzMgpJjm5hZLKfEjwgkbSgQajy4u74
- slot 457663109 · hash 4atyYawf15NkDtUUNHGs3qPxhb2vXzGwyahvZLJvvGFp
- slot 423955900 · hash 13tXHjq2PiwXzL3rnpzdTqyDLxebifQ9pe9XU8zTz1S3
- slot 423955897 · hash 4egDiZ7dTxsSvPHoUC632gX3wo9JjpBnbME7781TZZVh
- slot 423161867 · hash 3tWtE9CkbG9rUoz1Cwxo772HhYfSycVVY7cb6EPf6bJ7
- slot 419590273 · hash 2c3ZBcZncDpPopPHgVzFSFUcfL22P6TfY9QbXoVYyZrd
- slot 419590269 · hash 6dPjqeJw6aS77QGExV1fhbdpQGuuryKRKddDgfbAVwrx
This investigation is cryptographically anchored to the Solana blockchain (8 decisions). 23 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/8/2026, 2:30:51 AM
last updated: 11/3/2026, 11:18:44 PM
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