Why Celsius Exposed Users and What You Can Do – Bitcoin Magazine

This week, Celsius Network released a lengthy document containing all of its customer account balances.

The move is part of the company’s ongoing restructuring process following its Chapter 11 bankruptcy filing earlier this year. The document reflects user balances as of July 13, 2022, when the company’s restructuring began, and customer transactions that occurred in the 90 days prior to the Chapter 11 filing, according to the company’s FAQ. .

Unsurprisingly, the release of such detailed customer data, including balances, transactions, and names, caused a scandal in Twitter. That information can not only shed light on each user’s financial information, but also allows observers to analyze the blockchain and de-anonymize addresses on the chain, as transaction amounts and date are detailed. in the document.

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