Celsius rears up from the dead and takes revenge at its users
The latest chapter in the Celsius saga is just in. The chapter is a long one and appears to contain all their customer's data. This is transactions, wallet Id, and their names. These documents have come to light in their court proceedings.
The community reception
As "privacy" is one of, at least historically speaking, selling points of crypto. To then do this to its users can only be described as a kick to the nuts and a slap in the face.
This Celsius leak may go down as one of the greatest breaches of customer information ever. -Nick Hansen, CEO of Bitcoin miner Luxor
And that is definitely one way to describe this, this thing. And sadly a founder of a Web3 startup followed it up by saying; "anyone can now dox all the on-chain activity and addresses of any named celsius user". And I can't help but think it is almost a bit ironic given what happened next.
Because Internet
Because we live in the information age, and the internet loves doing internet things. I mean without the internet we never would have Boaty Mcboatface. That meant that of course someone took the data from the court filing and made a website where you can search it.
Normally I would be the first to think that this would be pretty funny and good. Well if it happened to douchebags that were trying to break the law or not pay tax. But so far I have not seen any similar searchable database for the Panama Papers. *Sigh*
Instead, it is done to normal people, whose only fault was trusting the two con men Alex Mashinsky and S. Daniel Leon. Both of whom managed to, by some surreal luck, withdraw $10 million respectively $7 million from Celsius just before it froze its customer's assets. Imagine being that lucky. Oh, wait a minute...
Alex Mashinsky later tried to defend his actions, because of course he did. That's what con men always try and do. Right up till they hang or the tar and feathers come out. According to him, he needed $8 million to pay his taxes. I guess we will be seeing a new t-shirt design from his dear wife pretty soon.
Just when you think things can't get any worse. Then up pops Celsius again like that wake a mole that just won't die. Or that hard-to-reach pimple on your back that keeps coming back no matter how many times you pop it or how hard you squeeze it.
And Celsius is a company that the FTX founders see some value in still and are trying to save. Yea good luck with that. In Sweden we have a saying; "lika barn leka bäst". it roughly translates to people that are the same, play the best together.
Nothing much left to say here. So if you would like to support me and the content I make, please consider following me, reading my other posts, or why not do both instead.
See you on the interwebs!
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