The names and recent transactions of Celsius customers have been exposed in its recent bankruptcy court filing raising concerns over privacy.
Zajmodavac kriptovaluta Celzijeva mreža is currently going through bankruptcy proceedings, according to a filing submitted on Oct. 5 to the US Bankruptcy Court of the Southern District of New York.
Earlier, the document had revealed that Celsius CEO Alex Mashinsky, former CSO Daniel Leon, and CTO Nuke Goldstein had withdrawn their cryptocurrency holdings in the company before it had halted withdrawals in June 2022.
Court drops 14,000-page bombshell
A further reading of the 14,000-page document has now shown that it contains the names and recent transactions of every user on the platform.
In addition to revealing every user’s full name, and the date of each of their transactions, it also includes details about the direction and source of each, along with the coin, coin value, and coin quantity involved. Although an address column is listed, this information happened to be redacted.
While it is unknown who is responsible, the large-scale exposure of Celsius’ customers’ personal data represents an unprecedented breach in privacy.
The revelation has understandably caused a stir on social media, with some commenting on some immediate consequences and long-term ramifications.
“This horrific breach of privacy will lead to many robbed & killed,” rekao Twitter user foobar. “Anything not provably cryptographically private will become public,” he predicted.
Celsius execs withdrew millions
The document had shown that former CEO Alex Mashinsky had withdrawn $10 million worth of cryptocurrency from his custody account in May 2022, first prijavljeno strane Financial Times ranije ove nedelje.
Meanwhile, Chief Strategy Officer Daniel Leon allegedly withdrew $11 million, including $4 million worth of CEL, the platform’s native token. With the revelation of further customer records, Mashinsky’s wife Kristine was also shown to have withdrawn $2 million in cryptocurrency on May 31.
While the company had struggled with poor management, at times paying out more interest to customers than was being generated from lending, shockwaves from the collapse of the TerraUSD stablecoin earlier this year triggered a mass outflow of crypto assets across the sphere, which then precipitated Celsius’s downfall.
odricanje
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Source: https://beincrypto.com/celsius-customer-transactions-exposed-in-court-document/