Why Celsius Exposed User Information And What You Can Do About It
Bankrupt Celsius exposed personal information of thousands of users amid its restructuring process. Here’s what happened and what you can do for protection.This week, Celsius Network published a large document containing all the account balances of its customers. The move is part of the company’s ongoing restructuring process following its Chapter 11 bankruptcy filing from earlier this year. The document reflects user balances as of July 13, 2022, when the company’s restructuring began, and customer transactions that happened in the 90 days preceding the Chapter 11 filing,....
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The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products. Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is not licensed to offer its services in the state.The DFR alleged that Celsius is “deeply insolvent” and doesn’t possess “assets and liquidity” to fulfill its obligations towards the customers. The state regulator....
The BadgerDAO attack has reportedly impacted Celsius Network for more than $50 million, sources suggest. Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO.As reported by Cointelegraph on Dec. 2, the attack targeted the protocol on the Ethereum network, reaping an unconfirmed $120 million in assets.According to one Redditor, the biggest alleged victim of the hack was an address that lost 896 Wrapped Bitcoin ($51 million). The address is supposed to be owned by Celsius “since it has interacted with....
The Trustee has objected to the retention bonus, citing a lack of sufficient information within the motion to warrant such a high payout and a lack of clarity around whether any recipients should be considered insiders. The U.S. Trustee overseeing the Celsius chapter 11 bankruptcy case, William Harrington, has objected to a Celsius motion that would see 62 of its 275 employees paid a retention bonus totaling $2.96 million.The Trustee has blasted Celsius in its supporting statement for the objection filed on Oct. 27, noting:“It defies logic, not to mention the Bankruptcy Code, that a....
Popular cryptocurrency portfolio tracker CoinStats is reeling from a security breach that exposed user wallets and sent scam notifications to mobile devices. The company has taken the drastic step of shutting down its platform entirely while they investigate the incident. The breach, confirmed by CoinStats on their official social media channel, compromised a yet-to-be-determined number […]
The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’s customers. While the file does not disclose personal information tied to the user’s finance providers or the customer’s residential address, the crypto community believes there are other ways these identities can be doxxed.
Crypto Community Is Appalled by Celsius Username and Trading History Court Filing
The embattled crypto lender Celsius is dealing with....