Alex Mashinsky was born in New York City on October 5, 1965. He was raised in the Soviet Union, a communist country at the time; he witnessed firsthand his parents’ struggles; even though both worked, there was always the fear of running out of food, and there were times when they would stand in long lines for food, only to find that there was nothing left by the time their turn came.
For the first seven years of his existence, circumstances were similar. The situation deteriorated when his family decided to leave the country and go to Israel in the 1970s. At the time, the Arab-Israeli War was in full flow, and Israel was actively recruiting people over the age of 18 to fight in it.
When the time came, Alex was summoned to service, where he encountered unbelievable circumstances but continued and made it through. He attended several universities while living in Israel, majoring in electrical engineering at The Open University of Israel, but tragically did not complete his degree.
He had the opportunity to leave Israel in the 1980s; with just a few dollars, he boarded a flight to New York and never looked back. Alex pursued additional study at Tel Aviv University, earning a Bachelor of Science in Economics before starting his own business.
Mashinsky has faced his share of difficulties, but his perseverance and hard work have enabled him to become the man he is today. Alex Mashinsky and his wife, Krissy, have a happy marriage. Krissy works in the blockchain and cryptocurrency industries and is quite active on social media, where she publishes images of her family vacations, dinners, and festivals.
She established NYC STRONG and is a retail executive and business owner. She also serves as the CEO and co-founder of usastrong.io. In addition, due to her visibility and activity on social media, people on the internet recognize her as a social media figure.
Regarding their romantic relationship, the pair wed in December 2011 and are still going strong after 12 years together. Interestingly, they started dating in 2005, making their relationship almost 20 years long.
Their youngest child, Ethan, is one of six children they had together, including three daughters, Natalie and Makenzie Moen, and three sons, David.
His name is making headlines not because of a new partnership or business endeavor but because he resigned as CEO of the defunct cryptocurrency lender Celsius Network. Alex Mashinsky officially left on Tuesday, September 27, 2022, informing the board of directors that he will continue to work with the business to get the best result for all creditors and lamenting how much of a “distraction” his position as CEO has been.
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He was in charge of a string of bad trades at the beginning of 2022 that contributed to the demise of the cryptocurrency lender Celsius. Celsius was one of the biggest cryptocurrency lenders and the first to halt user withdrawals as the markets started to crash. After a month of silence, on June 12, 2022, the company filed for Chapter 11 bankruptcy protection, revealing a 1.2 billion dollar hole in its balance sheet.
Look at the tweet we’ve included below. According to the tweet, former Celsius CEO Alex Mashinsky has been arrested-
BREAKING: ex-Celsius CEO Alex Mashinsky has been arrested. pic.twitter.com/t6rjYD4v3C
— Bitcoin Archive (@BTC_Archive) July 13, 2023
The reason for the bankruptcy was hurriedly repaying Defi loans to keep them from being liquidated for more than $440 million; three days later, Alex Mashinsky announced his resignation. However, the company retrieved the money and paid back the entire amount.
Reports claim that Celsius has been secretly unable to pay debts since 2019, but Alex had made false and misleading statements to exaggerate the firm’s financial health. Since then, the company has been granted permission to sell its mined Bitcoins, and they are undoubtedly operating at a loss, but creditors are trying to regroup and cut their losses. He owns eight well-known businesses, including Q-Wireless, Transit Wireless, Celsius Network, and more.
Alex Mashinsky Net Worth
Alex Mashinsky, a prominent entrepreneur and innovator in the technology sector, has amassed a net worth of $50 million as of 2023. With an impressive background in telecommunications and finance, Mashinsky has made significant contributions to the industry, establishing himself as a successful and influential figure.
Notably, he is widely recognized for co-founding Voice over Internet Protocol (VoIP) technology and pioneering the development of the Voice over IP market. Furthermore, Mashinsky has played a vital role in advancing blockchain technology as the co-founder of Celsius Network, a platform revolutionizing the world of cryptocurrency and lending.
His entrepreneurial endeavors and groundbreaking ideas have contributed to his financial success and shaped the future of various industries, cementing his status as a leading figure in technology and finance.
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