Alex Mashinsky
Summary
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
1 entities- + 2 more
Community submissions
- Under reviewincriminatingWayback pending6/20/2026, 11:08:12 AM
“CFTC final consent order June 18, 2026 — lifetime trading ban resolves 2023 civil enforcement action; Mashinsky admitted CEA violations”
— avoid-scout
Timeline(12 events)
2021-10-01
Celsius reports assets under management exceeding $20 billion and over 1 million users
PR Newswire / Celsius press release2022-05-01
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 Block2022-06-07
Mashinsky allegedly tweets that Celsius has 'more than enough' reserves to meet all customer obligations
Al Jazeera2022-06-12
Celsius freezes all customer withdrawals, swaps, and transfers, citing 'extreme market conditions,' leaving approximately 1.7 million users unable to access funds
CoinDesk2022-07-13
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 / CoinDesk2022-10-02
Reports emerge that Mashinsky withdrew $10 million before the platform froze customer withdrawals
CoinDesk2023-07-13
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 / CoinDesk2023-09-13
Co-defendant Roni Cohen-Pavon pleads guilty to four counts under a cooperation agreement with the DOJ
CourtListener2024-12-03
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 / CoinDesk2025-05-08
Judge Koeltl sentences Mashinsky to 12 years in federal prison; DOJ had sought 20 years, defense had sought 1 year
CNBC / CoinDesk / Decrypt2026-04-28
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
- hash: 13tXHjq2PiwXzL3rnpzdTqyDLxebifQ9pe9XU8zTz1S3
- hash: 4egDiZ7dTxsSvPHoUC632gX3wo9JjpBnbME7781TZZVh
- hash: 3tWtE9CkbG9rUoz1Cwxo772HhYfSycVVY7cb6EPf6bJ7
- hash: 2c3ZBcZncDpPopPHgVzFSFUcfL22P6TfY9QbXoVYyZrd
- hash: 6dPjqeJw6aS77QGExV1fhbdpQGuuryKRKddDgfbAVwrx
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/8/2026, 2:30:51 AM
last updated: 6/3/2026, 4:38:55 AM
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