Alex Mashinsky | FinTelegram News

Tag: Alex Mashinsky

April 21, 2025

Startup on Trial: Celsius Network and Alex Mashinsky – When Deception Dressed Up as DeFi Innovation!

Celsius Network promised financial freedom through crypto, only to collapse into one of the most catastrophic failures in the DeFi sector. Founder Alex Mashinsky portrayed himself as the champion of the unbanked—yet behind the scenes, Celsius engaged in reckless trading strategies, misled customers, and operated more like a hedge fund than a lending platform.

December 4, 2024

Next in Line: Crypto Entrepreneur Alex Mashinsky Pleads Guilty to Fraud and Market Manipulation Charges!

Alex Mashinsky, 59, the founder and former CEO of crypto lender Celsius Network, has recently pleaded guilty to fraud charges in the U.S. Prosecutors have said Mashinsky also personally reaped approximately $42 million in proceeds from selling his holdings of the Cel token. His trial is scheduled for Jan 2025. This report will provide context, explain the Celsius Network case, and offer background on the crypto winter of 2022.

November 17, 2023

Fallen Crypto Heroes: Appeal Of Convicted Terra/Luna Founder Do Kwon In Montenegro Denied!

He is one of the fallen crypto heroes: Do Kwon, co-founder and CEO of Terraform Labs, was arrested in Montenegro in March 2023 amidst charges of orchestrating a multi-billion dollar crypto asset securities fraud. By June, he received a four-month jail sentence from a Basic Court in Podgorica for forging official documents. His appeal was denied by the Montenegro High Court, affirming the "adequate" punishment for his crime.

Law Enforcement

October 13, 2023

Breaking: US Government Considers Establishment Of Correctional Facilities For Crypto Executives!

In a move that has left many in the crypto community both amused and bemused, rumors are swirling around that the US Government is considering the establishment of a specialized correctional facility exclusively for convicted crypto fraudsters. Dubbed the "Crypto Correctional," this facility is rumored to be the brainchild of a few legislators who believe that the traditional prison system is ill-equipped to handle the unique personalities and talents of the crypto elite.

Crypto

October 10, 2023

The Rise, Crisis, Consolidation, And Reboot of the Global FinTech Scene!

The global financial landscape has undergone a seismic shift over the past two decades, with FinTech and cryptocurrencies at the forefront of this transformation. However, with innovation comes challenges, and the FinTech scene has seen its fair share of highs and lows. From the meteoric rise of companies like Wirecard to the subsequent crises faced by crypto giants, the journey has been tumultuous. Here is a summary and a glimpse into the future.

October 4, 2023

Court Times: Trial Against Crypto Entrepreneur Alex Mashinsky Scheduled!

The former CEO of Celsius Network, Alex Mashinsky, is set to face his criminal trial on September 17, 2024, as determined by a New York court. The crypto lender declared bankruptcy in July 2022. While the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) reached settlements with Celsius in July, both agencies, along with the Federal Trade Commission (FTC), have ongoing cases against Mashinsky.

January 7, 2023

Crypto Court Season: Disgraced Celsius Founder Alex Mashinsky Sued For Crypto Fraud!

She did it again! She is famous for going after crypto schemes and their operators. New York Attorney General Letitia James filed a civil lawsuit against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars with his crypto lending scheme by hiding its true financial situation. Mashinsky allegedly continued to promote Celsius as a safe alternative to banks and paid up to 17% interest on deposits while already deep in shit!

September 8, 2022

Bankrupt Crypto Lender Celsius Resemled A Ponzi Scheme And May Have Misled Investors!

No surprise here! In a court filing, Vermont's Department of Financial Regulation (DFR) described the bankrupted Celsius Network as a vast Ponzi scheme. Allegedly the crypto lender had used new investor funds to repay existing investors and misled investors about its financial health. Moreover, according to the court filing, the crypto lender may have “engaged in the improper manipulation of the price” of the platform’s CEL tokens to boost it’s balance sheet. The Chapter 11 case easily develop into a cybercrime case.

July 14, 2022

Expected! Crypto Lender Celsius Initiated Chapter 11 Bankruptcy Proceedings!

This move was expected. The collapsed crypto lender Celsius Network announced that it initiated voluntary Chapter 11 proceedings to restructure and stabilize its business "that maximizes value for all stakeholders." To implement the restructuring, the Company and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.

Cryptonomics

June 30, 2022

The High-Risk Bet Of Crypto Lending Giant Celsius!

The five-year-old crypto lending giant Celsius Network LLC is one of the highest-profile crypto firms fighting for survival amid the Crypto Winter environment. On 12 June 2022, the company froze all withdrawals. Last week, rival lender BlockFi said it had struck a deal for a $250 million line of credit from a crypto exchange amid concerns by its own depositors. Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from Celsius.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.