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

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, per the company’s FAQ.

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