A New Website Shows Everyone How Much Money Some Users Have Lost To The Cryptocurrency Company Celsius. The tool has a ranking of the people who have lost the most and allows you to search by any name.
The site uses data from a court file sent to the US court by Celsius, in which it is possible to see the transaction history of thousands of users and how many people withdrew their cryptocurrencies from Celsius before the withdrawal freeze.
Interestingly, the people who withdrew the most money before the freeze were the company’s own executives, with former CEO Alex Mashinsky withdrawing $10 million in cryptocurrencies and another company director withdrawing nearly $7 million.
The file sent to a court revealed that the cryptocurrency company executives withdrew about BRL 88 million before freezing client withdrawals. The file also drew attention to revealing customer names, transaction dates and the amount of cryptocurrency they contain.
Using data from the document, a website was created and it is now possible to see how many users have lost on the platform.
The homepage of the site shows the people who have lost the most money on Celsius, with some of them losing 6 digit amounts. A single user lost $40 million with the company.
Former Celsius CEO Alex Mashinsky is also on the list, “losing” $15,000, a relatively small amount given the amount he withdrew from the company before filing for bankruptcy.
holy moly pic.twitter.com/Fnao3UY2V7
— curt (@charletrussel) October 9, 2022
On the site, you can see that the amounts customers lose range from millions to cents, with the largest being $40 million, and other users losing just a few dollars. The top 10 users add up to $220 million in losses.
The site is based on a file from the Celsius lawsuit, the file is 270 MB in size and has more than 14,500 pages of data from Celsius users.
Celsius tried to prevent user data from being published, but a judge has denied the request and the file remains open to everyone.
According to information in the document, Celsius users lost a combined $446 million, with $216 million in bitcoin, 34 million in Celsius’ native token, and the rest divided into various cryptocurrencies, with Ethereum, Litecoin, XRP and other altcoins.
Celsius
On June 13, the cryptocurrency lending platform froze withdrawals, stranding thousands of cryptocurrency customers. A month later, Celsius filed for bankruptcy.
In September, the company’s CEO revealed a plan to restructure Celsius, but resigned days later.
In his letter of resignation, Alex Mashinsky said he regretted his role as CEO had… “became a growing distraction” and that was “very sad” with the situation.
The company was caught in the crossfire in the bankruptcy process after it revealed a $1.2 billion hole in its balance sheet, according to court documents.
Now clients, whose information has been leaked, seek revenge and meet in Telegram groups to review legal documents and raise money to pay lawyers and plot against the company.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
