(Kitco News) - Embattled cryptocurrency lender Celsius continues to be everything that crypto proponents despise. A recent disclosure by the company – as part of its ongoing bankruptcy proceedings – revealed the names and trading history of the platform's users.
The publicly available court documents contain more than 14,500 pages that detail trading data for the platform’s founder and former CEO, Alex Mashinsky, along with the activities of other users on the platform. Fortunately, the data does not provide additional personal information, such as home addresses and emails.
Celsius reportedly asked for the names of its users to be hidden from the court filings, but the judge declined to do so on the basis that this is a common requirement for bankruptcy cases.
While the data doesn’t include blockchain transaction records, it does detail the dates and transaction amounts, which means that savvy researchers will likely be able to match transactions with the users who performed them. This means that users can be matched with their previously anonymous crypto wallets, allowing anyone to see their crypto holdings and other transaction information.
Also revealed in the filing were questionable withdrawals by members of the Celsius executive team.
Mashinsky’s transactions reveal that the former CEO withdrew around $10 million from the platform in May, while his wife, Kristine Mashinsky, withdrew more than $2 million worth of the protocol’s native CEL token on May 31, just prior to the suspension of withdrawals in June and bankruptcy filing in July.
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A spokesperson for Mashinsky previously indicated that his withdrawal was pre-planned, with the funds being used to pay income taxes arising from the yield the assets produced. At the time, Mashinsky claims to have still had $44 million worth of crypto frozen on the platform.
The project’s co-founder and former chief strategy officer Daniel Leon also had a sizeable withdrawal of around $7 million while the current chief technology officer Nuke Goldstein withdrew $550,000. In total, executives of the platform pulled more than $17 million worth of crypto off the platform in the weeks before withdrawals were frozen.
