Celsius is putting up a show after filing for chapter 11 bankruptcy in June. The past 4 months have been quite a ride for Celsius customers. Documents show that former CEO Alex Mashinsky cashed out about $17 million together with other top executives. His wife took out another $2 million just before customer accounts were frozen. This sheds a bad light on Celsius management and many people are wondering if these actions were legal.

Why are there documents available with customers’ legal names and their investments? And have you been doxed as well?

Court ordered full transparency

In the very early stage of the bankruptcy, the court ordered that Celsius would have to produce documents proving specifically which investments belonged to each customer. The judge had his doubts that Celsius was providing enough transparency initially in regard to crypto transactions.

That being said, the company was obliged by law to publish the names and crypto investments of their customers. Obviously, the judge believes that transparency is more important than privacy. Only addresses were protected in the court filing.

Within hours the PDF document became available last week. The upside is that we all know how much Mashinsky took out before freezing customer accounts. The downside is that everybody can search for names on a website and take a closer look at their investments.

Celsiusnetworth publishes database

The original PDF file is about 277 MB in size and is not very comfortable to browse. Perhaps that’s why the idea of Celsiusnetworth.com was born. The website provides a leaderboard with the most devastating losses taken by investors and the option to show a set of random people and how much they lost in each case.

The third option is entertaining crypto Twitter the most during the last 48 hours. Visitors can type legal names and search for a result to see if that person has suffered a loss.

Popular and public figures of the Bitcoin community have become a target. If the data provided is correct, former Bitcoin contributor Jonas Schnelli lost more than $400.000 as an investment with Celsius. Adding insult to injury, many observers on social media feel compelled to make fun of Bitcoin maximalists who are now losing money with a centralized investment product that many critics call a scam. While there are no public statements available from Schnelli at the time of writing, this is clearly more than controversial. Crypto is about privacy, and many communities and projects value protection up to the point where they argue that it is a basic human right. Providing such a database and easy access to a person's financial data doesn’t seem to align with these views.