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Bankrupt Crypto Lender Celsius Reveals Thousands of Users' Transaction Histories in Court Filing

The document contained key information of every user on Celsius' platform and shed new light on the financials of its top execs.

2 min read
Data breaches and leaks are common in the crypto industry. Image: Shutterstock.

Troubled crypto lender Celsius has revealed the names and transaction history of hundreds of thousands of its customers in a court filing.

The 14,500-page long document contained information such as customer names, crypto wallet IDs, transaction types and amounts, which services the customer had used, and the types and quantities of tokens held.

The user data leak has already received widespread condemnation on social media. Nick Hansen, CEO and co-founder of Luxor, said on Twitter that: “This Celsius leak may go down as one of the greatest breaches of customer information ever.”

Celsius has not provided any explanation as of yet as to why this level of information was revealed and if it was required by the court.

The news comes after Celsius slid into Chapter 11 bankruptcy protection in July 2022, revealing a $1.2 billion hole in its balance sheet.

The firm is currently set to auction off its remaining assets as part of its attempts to repay its debts to investors. An external administrator was also appointed to oversee its legal proceedings.

FTX’s CEO Sam Bankman-Fried has been hinted at as a likely buyer of Celsius' assets.

Celsius execs see windfall

The court filing also provides more detail regarding how key executives may have pulled money out of the platform prior to its implosion.

It was widely reported that Celsius’s chief executive Alex Mashinsky withdrew $10 million before the firm’s liquidity issues became publicly known.

However, the latest court filing was also revealed that chief strategy officer Daniel Leon withdrew $7 million from the platform before it shuttered user withdrawals.

Leon stepped down on October 4, roughly a week after Mashinsky did so.

In addition, Mashinsky’s wife Kristine withdrew 2 million Celsius tokens (CEL) before the platform closed its withdrawals, while current chief technology officer Nuke Goldstein withdrew roughly $550,000 across a variety of different cryptocurrencies.

Mashinsky responded to claims of wrongdoing regarding the withdrawals, saying that $8 million was slated to fund his state and federal tax payments.

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