New tool shows Celsius users’ losses

New tool shows Celsius users’ losses

A new tool now illustrates how much money different users lost when Celsius stopped down, based on information collected from its bankruptcy petition.

After the troubled crypto lender filed for Chapter 11 bankruptcy in July, anyone can now use a new tool to find out how much money some users have lost.

You can easily find out if someone is on the dubious “leaderboard” of the biggest losers from the Celsius scandal by typing their name into the search bar.

The top ten list includes only people who have lost more than $12 million.

The tool probably uses the customer information that Celsius shared in a court document last week. The document showed, among other things, the names of customers, their crypto wallet IDs, the types and amounts of transactions, and the types and amounts of tokens held.

After the move, Celsius has gotten a lot of criticism. CEO of Bitcoin miner Luxor Nick Hansen tweeted, “This Celsius leak might go down in history as one of the worst leaks of customer information ever.”

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

Celsius hasn’t said why it gave out this much information or whether the court made them do it.

Cryptocurrency Lender Celsius Fails

Celsius filed for Chapter 11 bankruptcy in July because its balance sheet had a $1.2 billion hole. People have said that FTX founder and CEO Sam Bankman-Fried is likely to buy the crypto lender’s assets.

It also looks like the crash of Celsius didn’t hurt the executives at all. Before freezing user accounts and filing for bankruptcy, it is said that CEO Alex Mashinsky took $10 million out of the company. He later said that he had to use $8 million of it to pay his state and federal taxes.


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