New tool shows how many users lost in Celsius bankruptcy

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“Sacred moly”, wrote an user.

A new tool Now lets anyone see how much money some users lost after the struggling crypto lender filed for Chapter 11 bankruptcy in July.

It’s easy to check if someone made it into the dubious ‘ranking’ of the biggest losers of the Celsius debacle, simply by typing their name into the handy search bar.

Only those who lost more than $12 million entered the top ten.

The tool presumably relies on customer data revealed by Celsius in a court filing last week. The document listed, among other information, client names, crypto wallet IDs, transaction types and amounts, and types and amounts of tokens held.

Celsius faced significant backlash after the move. Nick Hansen, CEO of Bitcoin miner Luxor, tweeted“This Celsius leak could be considered one of the biggest customer information breaches of all time.”

Henry de Valence, the founder of Web3 startup Penumbra Labs, added that “anyone can now dox all activity and on-chain addresses of any named Celsius user” by matching dates and amounts to transaction data.

Celsius has yet to explain why he revealed this level of information or if it was required by the court.

Crypto lender Celsius collapses

Celsius filed for Chapter 11 bankruptcy in July, Next a $1.2 billion hole in its balance sheet. FTX Founder and CEO Sam Bankman-Fried was vaunted as the likely buyer of the crypto lender’s assets.

It also appears that Celsius executives are doing just fine after the company crashed. Before freezing user accounts and filing for bankruptcy, the CEO Alex Mashinsky reportedly withdrew $10 million of the society. He later said $8 million was needed to pay his federal and state taxes.

Chief strategy officer and co-founder Daniel Leon, meanwhile, withdrew $7 million from the platform before it was shut down, according to the latest court filing.

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