Why Celsius ‘Doxed’ Over 600k of its Customers
The crypto-verse was shocked when news broke that the now-bankrupt crypto lender Celsius Network had published a 14,500-page document detailing every one of its users’ full names alongside the types and amounts of transactions they carried out on the platform. The data included crypto holdings, deposits, withdrawals, interest earnings, and other sensitive financial information belonging to over 600,000 Celsius customers.
Initially, crypto-community members had concluded that the 14,500-page document had been leaked intentionally for potentially malicious reasons.
But further information has emerged that the information provided was part of standard legal bankruptcy procedures as Celsius continues to navigate its Chapter 11 filing and restructuring process after freezing user accounts in July.
In this article, we break down the following:
- How the crypto community initially thought the document was an intentional leak
- How the document revealed information on Celsius executives withdrawing millions from the platforms before the function was frozen in July
- Why Celsius was required by the courts to make public its customer information
- How Celsius had made attempts to redact the information
- How the document remaining in the public domain has led to a website where one can query information regarding Celsius customers
- Whether KYC (Know Your Customer) has become a liability
Please read all about it in our blog article through the link below.
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