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Celsius Network gave out all the data about the transactions of their users

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Celsius Network gave out all the data about the transactions of their users

Crypto Lending Platform Celsius Network published 14,000 pages of data containing the full name and timestamps of all user transactions, including deposits, withdrawals, and liquidations.

“This terrible breach of privacy will lead to many robberies and murders. Anything that is not cryptographically provable will become public,” wrote user 0xfoobar.

The Block’s editor, Frank Chaparro, explained that the company had filed several motions calling for sensitive data to be prevented from being made public, but the judge rejected them.

“Anyway, be careful where you keep your funds. Your information may be made public during the bankruptcy proceedings,” he advised.

On June 13, the crypto lending platform suspended withdrawals, exchanges and transfers between accounts.

A month later, Celsius and some of its affiliates filed for Chapter 11 bankruptcy. The platform’s liabilities exceeded its assets by $2.85 billion.

In August, the US Office of Trustees said there were “numerous questions” for the firm’s management. Prior to this, the FT reported on Mashinsky’s intervention in the implementation of the trading strategy of the crypto-lending platform, which cost “millions of dollars.”

In September, the CEO unveiled a plan to bail out Celsius from bankruptcy, according to media reports. Mashinsky later resigned from his post.

The auction for the sale of Celsius Network assets will take place no later than 10:00 (ET) on October 20th.

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Source: Cryptocurrency

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