Krissy Mashinsky and Celsius: A Review of Fraud and Insider Trading Allegations in 2023

The infamous cryptocurrency con artist Alex Mashinsky has a wife by the name of Krissy Mashinsky. In July 2022, she resigned from her position on the board of directors of Focus Financial Partners the day after the crypto lending business that her husband ran declared bankruptcy.

Only for the past year and a half, Krissy had been a member of the Focus Financial Partners organization.

In January of 2021, she became a member of the company’s board of directors. Krissy resigned in order to focus on other tasks, as stated in the filing that she made with the SEC.

Her husband, Alex Mashinsky, is the Chief Executive Officer of Celsius Network Ltd., a platform for lending cryptocurrencies. The crypto sector was rocked when Celsius announced that it will be filing for bankruptcy under Chapter 11.

Since that time, Alex has been the target of several legal actions brought against him by the clients, investors, and former employees of Celsius Network Ltd.

One month prior to filing for bankruptcy, Celsius had temporarily ceased processing withdrawal requests. It used to provide customers with 19% returns on their purchases. Those days are, without a doubt, a distant memory.

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Focus stated in its statement with the SEC that Krissy Mashinsky’s resignation was not the result of a disagreement with the firm or the way in which it conducted business.

Krissy Mashinsky made more than $650,000 in 2021 thanks to her position as a board member at Focus Financial Partners.

This comprised a cash payment of $105,000 and options awards valued around $500,000 in total.

Krissy Mashinsky oversaw the Nominating, Governance, and Sustainability Committee at Focus, where she worked as the committee chairwoman. In addition to that, she was a member of the company’s Audit and Risk Committee.

The Krissy Mashinsky Celsius Connection: 

Prior to joining the board of directors at Focus, Krissy was the CEO of usasrong.IO Marketplace, a technology company that markets itself as a curator and seller of verified products.

In addition to that, she has held the position of president of URBN Wholesale, the parent company of Urban Outfitters.

You may be forgiven for wondering how Krissy Mashinsky is connected to Celsius, given the amount of bad exposure the company has received for defrauding its customers and clients.

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However, Celsius’ asset manager, KeyFi, initiated legal action against the company on July 7 and sought damages. According to KeyFi’s allegations, Celsius established a new Ethereum wallet address with the name “oxb1” and moved all of the assets that KeyFi’s chief executive officer, Jason Stone, intended to deploy.

In addition, the lawsuit asserts that Celsius maintained access to and control over the oxb1 wallet even after Jason left KeyFi and the company.

In addition to this, Alex exploited the wallet for his own benefit in some way. In addition to this, the lawsuit asserts that Alex moved a significant quantity of valuable NFTs from the oxb1 accounts to Krissy Mashinky’s wallet.

If investigations indicate that Krissy played a significant role in the cryptocurrency hoax, it shouldn’t come as a surprise to anyone.

After all, she had millions of CEL tokens in her possession at the time.

Just a few years ago, in the year 2020, her spouse had given her CEL tokens valued at $20 million:

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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. 

Certainly, this is behavior that raises red flags.

It’s possible that she’s trying to shore up her credibility in the midst of the onslaught of legal action his spouse is experiencing.

A typical strategy employed by dubious businesses and con artists is to market themselves through the use of automated programs called bots. For instance, Aaron Sansoni is a bogus Australian guru who uploads fake evaluations in order to give the impression that he has more credibility than he actually does.

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It’s possible that Krissy is employing the same strategy here.


There is no denying the fact that Celsius has brought Krissy Mashinsky a significant amount of wealth. Krissy has been able to move on and concentrate on her other ventures, such as usaStrong.IO, despite the fact that the company’s investors are having a difficult time retrieving their own monies.

To presume that she did not benefit from the crypto scam that her husband operated on would be irresponsible and wrong. Sadly, the number of people trying to defraud others via cryptocurrencies is also growing.

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