Krissy Mashinsky – Fraud, Insider Trading and Celsius

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:

Krissy Mashinsky news

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. 

Krissy Mashinsky Instagram
Krissy Mashinsky ig
Krissy Mashinsky

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. 

Recently, Bryan Legend, a notorious rugpull scammer, has started marketing his new venture Safuu protocol. Many believe it’s another rugpull scheme seeing how all 3 of his last ventures were. 

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.

2.1 Total Score
Suspicious

Krissy Mashinsky is the wife of notorious crypto scammer Alex Mashinsky. Lawsuits filed against her husband allege that Alex transferred a large number of valuable NFTs from the firm to Krissy’s wallet. People suspect that she is now buying followers for her Instagram page to boost her credibility.

3Expert Score
Trust
2.4
Experience
3.6
Professionalism
3.3
Ethics
2.7
1.2User's score
Trust
0.8
Experience
2.6
Professionalism
0.8
Ethics
0.8
PROS
  • None
CONS
  • Received high-value NFTs from Celsius allegedly
  • Used to own at least $20 million worth of CEL tokens herself
  • Suspected of benefitting heavily from the fraudulent scheme of Celsius
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6 Comments
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  1. 1
    Trust
    0
    Experience
    80
    Professionalism
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    Ethics
    0

    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.

    Helpful(1) Unhelpful(0)You have already voted this
  2. 0.6
    Trust
    10
    Experience
    20
    Professionalism
    10
    Ethics
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    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.

    Helpful(0) Unhelpful(0)You have already voted this
  3. Reply
    Krissy Mashinsky fraud
    August 7, 2022 at 8:49 am
    0.5
    Trust
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    Experience
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    Ethics
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    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.

    + PROS: None
    - CONS: Fraudster Stole from investors
    Helpful(1) Unhelpful(0)You have already voted this
  4. 0.5
    Trust
    10
    Experience
    10
    Professionalism
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    Ethics
    10

    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😤

    + PROS: None
    - CONS: Scammer Stole millions
    Helpful(2) Unhelpful(0)You have already voted this
    • 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.

  5. Reply
    Krissy Mashinsky is a SCAMMER
    August 2, 2022 at 9:13 pm
    0.5
    Trust
    10
    Experience
    10
    Professionalism
    10
    Ethics
    10

    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.

    + PROS: None
    - CONS: Fraud Scammer Insider trading
    Helpful(1) Unhelpful(0)You have already voted this

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