Krissy Mashinsky – Fraud, Insider Trading and Celsius: Review 2023
Krissy Mashinsky is the wife of notorious crypto scammer Alex Mashinsky. She stepped down from the Focus Financial Partners board one day after her husband’s crypto lending venture filed for bankruptcy in July 2022.
Krissy had been a member of Focus Financial Partners for only 18 months.
She joined the firm’s board of directors in January 2021. According to her filing with the SEC, Krissy resigned to focus on other responsibilities.
Alex Mashinsky, her husband is the CEO of Celsius Network Ltd, a cryptocurrency lending platform. Celsius filed for Chapter 11 bankruptcy, causing a storm in the crypto industry.
Since then, Alex has been facing multiple lawsuits from the investors, ex-employees and clients of Celsius Network Ltd.
Celsius had stopped processing withdrawals a month before it filed for bankruptcy. It used to offer 19% returns to its customers. Certainly, those days are long gone.
In their SEC filing, Focus said that Krissy Mashinsky didn’t resign because of a disagreement with the company or its mode of operations.
As a board member of Focus Financial Partners, Krissy Mashinsky earned over $650,000 in 2021.
This included $105,000 cash and around $500,000 worth of options awards.
At Focus, Krissy Mashinsky was the chairwoman of the Nominating, Governance and Sustainability Committee. Also, she served on the Audit and Risk Committee of the firm.
The Krissy Mashinsky Celsius Connection:
Before she became a board member at Focus, Krissy was running usasrong.IO Marketplace a tech venture which claims to curate and sell verified merchandise.
Also, she has served as the president of URBN Wholesale, which includes Urban Outfitters.
Seeing how Celsius has been attracting a ton of negative attention for scamming its clients, you might wonder how Krissy Mashinsky is related to it.
However, the asset manager of Celsius, KeyFi, filed a lawsuit against the firm on July 7. KeyFi alleges that Celsius created a new Ethereum wallet address called “oxb1” and transferred all the assets which Jason Stone (KeyFi CEO) was going to deploy.
Moreover, the lawsuit alleges that after Jason left KeyFi, Celsius still had access and control of the oxb1 wallet.
Furthermore, Alex used the wallet for his personal gain. The lawsuit also alleges that Alex transferred many valuable NFTs from the oxb1 accounts to Krissy Mashinky’s wallet.
It shouldn’t surprise anyone if investigations reveal that Krissy played a major role in the crypto scam.
After all, she owned millions of CEL tokens.
Just in 2020, her husband had gifted her $20 million worth of CEL tokens:
At the very least, she must have used her insider knowledge to sell these tokens before other investors, increasing her profits.
There’s no way she has her tokens frozen in Celsius like the rest of its investors.
This point alone makes her a major component of the multi-million scam.
Fake Followers or Spam? People Raise Questions at Krissy Mashinsky Instagram:
On Reddit, a user has promptly highlighted that Krissy Mashinsky might be buying fake followers to boost her Instagram account.
The redditor shared how Krissy’s instagram followers jumped from around 19,000 to over 50,000 within a few hours.
Certainly, it’s suspicious behavior.
Maybe, she is trying to boost her credibility amid the barrage of lawsuits his husband is facing.
Using bots to promote oneself is a rather common tactic among shady businesses and scammers. For example, Aaron Sansoni is an Australian fake guru who posts fake reviews to make himself seem more credible.
Krissy might be utilizing a similar tactic here.
Conclusion
It’s obvious that Krissy Mashinsky has made ample amount of money from Celsius. While its investors are struggling to get their own funds back, Krissy has been able to move on and focus on her other ventura such as usaStrong.IO.
It would be foolish to assume that she didn’t benefit from the crypto scam his husband ran. Sadly, the number of crypto scammers is increasing as well.
In any case, the authorities should take a close look at Krissy Mashinsky. She is complicit in the Celsius scam and should be held accountable.
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I was one of the investors who had filed a complaint against the company named celsius. They froze our bank account because of this we were not able to get back our money and also lost millions. We desrve justice.
The Mashinskys face up to 150 years in prison like Bernie Madoff for the pain they caused to retail ordinary people.
The case is currently before the courts in chapter 11.
All victims should report their individual case to their local authorities or the SEC if you are a victim of Celsius.
The Mashinskys are a disgrace to the human race.
Krissy Mashinsky and Alex Mashinsky are a disgrace to the human race.
They are currently being investigated by multiple governments and agencies for a range of offences around the world.
They have lured retail investors even the elderly and refugees fleeing wars, to invest in this ponzi scheme, through their videos stating that Celsius was safe and withdrawals are always available.
Their is clear evidence that Krissy’s husband Alex Mashinsky was stating everything was fine via YouTube and twitter days before the halt of withdrawals.
Bernie Madoff was sentenced to 150 years federal prison for a ponzi scheme.
The Mashinskys have replicated the same thing on the Blockchain just with terms and conditions which were illegal and which was not approved as a security or regulated bank.
At least Bernie Madoff was scamming rich investors who probably had enough money to move on from. The Mashinskys have halted withdrawals and their is multiple reports of people from third world countries and all parts of the world who cannot eat.
Krissy Mashinsky must return all the money she benefited especially through the cel token profit scheme and USA strong must be investigated.
Alex Mashinsky has caused more suffering to the ordinary people then Bernie Madoff. In my opinion the courts should sentence him to the same sentence of 150 years in federal prison or even more of a longer sentence, for the billions he lost and for his constant lies and tricks on retail poor investors.
Above is all my opinion as a victim of this scam which was insolvent since 2019 according to the current court case.
Any victim should report their case and experience to their local authority or the SEC as Celsius was in America too.
Never thought that these two made people suffer a loss in a situation where she got the money off the investors but doesn’t want to pay back their funds.
Can’t imagine how other investors with thousands of investments and funds can’t help themselves out. This is outrageous.
I only wanted my funds and all other investors wanted the same but these two scoundrels never wanted to help the investors to get their refunds.
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This is becoming so common nowadays for crypto investors, as their money is being stuck or getting lost or being scammed by the owner of the company like in the case of Alex Mashinsky’s Celsius. The investors were planning to get their refund but no one was thinking about this tragedy.
iirc she was working with URBN but was forcefully removed from her post. Instead of helping the clients of Celsius, Alex and Krissy Mashinsky both planned to get away with the money, Alex is charged with the lawsuits otherwise they both would have flown away from the country. I have lost hope in the lawsuit tho. Ain’t no way we are getting our money back.
She is going to jail and she will serve multiple years. I pray the Mashinsky couple face the consequences of their actions 🙏🏿
I wanted to tell you all that never trust any of the crypto traders or companies without investigating their terms and conditions thoroughly. Always be prepared to handle situations like these and take legal action against them. But make sure you don’t take too much time determining if they are a scam or not. Look at Celsius now. It’s too late for most investors at least. Krissy and Alex won’t ever return the full funds.
Believe what you want but I think it’s too late now. Both Alex and Krissy Mashinsky planned it too well. I have stopped hoping. They always had those dubious provisions in their terms and conditions so I really don’t know if it’s possible to win the suit. They stole and they will probably get away with it too.
My $10,000 worth of cryptocurrency is stuck in Celsius. It was my emergency savings. If I had any idea Alex and Krissy Mashinsky would be such derangd scammers, I wouldn’t have invested a penny into Celsius.
Krissy and Alex stole from the investors. If it wasn’t for the lawsuit, they would have fled the country.
The government and jurisdiction shouldn’t allow people like Alex Mashinsky and Krissy Mashinksy to move freely after committing such scams with innocent people and their hard-earned money should be returned.
She did not resign from URBN, she was fired for stealing 100s of thousands of dollars. Had nothing to do with her salary.
It is also public on block chain that she has been dumping CEL to cash out millions.
Correction: She did not resign from URBN. She was fired for stealing hundreds of thousands. Has nothing to do with her salary. Do some research. She was forcefully removed.
Ps. She has expressed NOT wanting transparency of Celsius users to be released, wonder why?
She had millions of Celsius tokens. They must have gone somewhere. It is so jarring how Alex and Krissy have handled the entire situation.
You should dig in and ask URBN Inc why she was asked to leave her role. It has five letters, begins with an F and ends with a D. Police were involved so there’s paperwork somewhere to get your hands on.
She resigned so her husband can claim bankruptcy. You can’t be bankrupt when your wife has a six figure salary.
She should come clean and help the investors. Otherwise she will go to jail right with her husband.
We only want to withdraw our money. That’s all we ask for.
But Alex or Kriss don’t want to give their investors their rightful funds.
This is so cruel of Krissy Mashinsky as her husband was behind Celsius, scamming people only so she could live a life of luxury.
They could have returned the money of the users but instead of doing the right thing she got her money and spent it on lawyers, taking everyone to court.
Celsius is making excuses. They cannot get away with such a horrible crime. Krissy Mashinsky and her husband are literally stealing the life savings of your average Joe. They should be thrown in jail😤
It is really hard to digest that there are companies like Celsius which are ready to steal your money without any hesitation. I have got lessons from these two. If someone takes your money after scamming you, never let their a$$ get away without answering you.
People like Alex Mashinsky and Krissy Mashinsky are always ready to scam people for their money to live a luxurious life of their own. It is difficult to understand why people are still not able to investigate through the terms and conditions of the company that they will scam someday. Please avoid it!
When I heard about the scam I was wondering how Celsius and Krissy Mashinsky weren’t repaying the funds of the investors because it was her responsibility (apart from her husband ofc) to help the investors by giving them their funds.
There’s no denying that she sold the millions of Celsius tokens before all this fiasco.
Why would the owner’s wife lose any of her money?
Don’t forget she has received a considerable amount of tokens in her personal wallets too.
This was the most disgusting situation for me because Celsius has got my thousands of dollars stored which got stuck. I tried to get the money back from the platform and even tried to reach out to Alex, like many of you, but it didn’t help.
I agree. Krissy Mashinsky has made a lot of money from Celsius.
I had no idea she received USD 20 million from her husband in CEL tokens. There’s no way they are frozen there like our money is.
She should be sued for insider trading. Alex and Krissy shouldn’t be allowed to get away with one of the largest scams of 21st century.
I have still got my thousands of dollars not being returned and I tried to contact Alex and Krissy Mashinsky telling them these were my emergency funds, so if possible please help me to get my money, but still I am waiting for a response. The company didn’t respond so maybe I thought they would.