Celsius Updates — Check to see if you were Doxxed

Hey folks, if you’ve followed my other articles () on Celsius, you know that I’ve been trying my best to follow the news around what’s going with Celsius, and what that might mean for all the “unsecured creditors” (including myself) that had their tokens frozen.

I don’t know what it is exactly about the Mashinskys, but I swear, I feel like following them is like watching a reality show. It’s amazing to me that they don’t seem to recognize the pain and suffering that Celsius people are going through, pain they inadvertently have caused. I didn’t have life-changing money frozen in my account, but there are so many people that have that it’s a bit overwhelming to think about.

If you’re like me and you’re waiting to see what’s going to unfold next, here’s are some updates that have occurred since my last article:

A lot of execs at Celsius withdrew tens of millions of dollars worth of tokens before they locked up everybody else’s

On October 5th, a Statement of Financial Affairs was filed detailing many people’s history of transactions, and how many people withdrew their tokens out of Celsius before the final shutdown. Perhaps the biggest names included former CEO’s Alex Mashinsky, who withdrew more than $10 million worth of tokens and former strategy chief Daniel Leon, who withdrew almost $7 million worth of tokens.

OK, so I totally understand the motivation for why people would want to do this — if you knew that millions of your dollars were going to be frozen unless you clicked a button…you probably would too right? But with all of Mashinsky’s talk about trust and community, for me this was extremely frustrating to hear. For how many times I’ve heard — “we’re all in this together” — obviously we’re not. Some people got to withdraw their funds, some people did not. If Celsius is arguing that we all gave up our rights to our tokens when we gave them to Celsius, shouldn’t this have applied to everyone, especially for those making the most irresponsible loans and risks?

So many leaks…

If you haven’t followed Tiffany Fong on yet, she’s become the de-facto person to receive and share leaks:

In my last article about Celsius, I alluded to the “All Hands Meeting” from September, but since then she’s shared more leaks including Co-founder (who also withdrew tokens prior to Celsius’ collapse )Nuke Goldstein’s recovery plan, and excerpts from October 5th’s twitter space.

For those of you that don’t have time to listen to nearly four hours of audio, it does sound like Mashinsky and/or others are hell bent on believing that he (or more specifically Celsius) can win back people’s trust again, whether it be through Celsius Mining or through an some sort of IOU token. Whether you think either of those ideas are good or not, the short takeaway is that it doesn’t seem like there’s going to be any any type of unified plan coming out any time soon. And Mashinsky is right about one thing — the longer people aren’t unified, the longer this whole process gets dragged out in court — sinking more of Celsius’ dwindling money into legal fees.

Mashinsky out of touch

So last month, a couple of T-shirts went on sale that unironically referenced Celsius’ shutdown:

The controversial part here is that the store, usastrong.io is owned by Ex-CEO Alex Mashinsky’s wife, Krissy Mashinsky. What was even a bit more controversial, is that when called out for being insensitive for the millions of customers who lost their funds (some people their life savings) because of Alex Mashinsky’s irresponsibility, they essentially doubled down:

These types of nonchalant retorts indicate that there’s a fundamental disconnect here from what has been said about Mashinsky caring about the community versus how much they wanted to profit off of the community. In other words, you not only made someone lose their money, but then you’re making a profit off of the fact that you made them lost their money, while poking fun of it at the same time. But going back to my first item, maybe she doesn’t get it because she was never in the same boat. According to Coffeezilla, she too, was able to cashout $2.7 million right before the Celsius shutdown:

Once again, I can’t blame people trying to protect their own money, I just wish that they could be respectful for those that weren’t able to. Once again, there are people out there literally threatening suicide and have lost their life savings here…

Checking to see if you were doxxed (also check to see if you’re claim is correct)

I’m not entirely sure if this was a leak or if this was purposely done by the Celsius’ legal team, but an approximately 14,532 page document was released that has what appears-to-be every single Celsius claimant’s full KYC’d name, including mine! Thankfully it appears all the personal addresses are redacted, but already the internet sleuths are going at it, revealing how serendipitously (or suspiciously) some were able to take their money out just at the right time:

Despite all the drama surrounding this document, I would recommend double-checking that that you’re actually on the list and that that your asset holding are accurate — because if you’re not, then my guess is that you might not be filed correctly as a claimant.

Conclusion

Honestly it amazes me with how things seemingly get more and more mucked up, and I wonder what more will continue to get revealed in the weeks/months to come.

At this rate, I’m becoming extremely pessimistic about the timeline for when this might get resolved. Considering that the Mt. Gox hack happened in 2014 and 8 years later they still haven’t been made whole, at this point I’ll be surprised if the process with Celsius goes any smoother.

Thanks for reading my two cents on all this, and as always, please be sure to follow me on twitter to read all about my latest findings and updates: https://twitter.com/CryptosWith

Disclaimer: None of this information is financial advice, and is just speculation from me, a random guy on the internet. Please consider this for purely educational and entertainment purposes. As always, please do your own research or contact a financial advisor to find what investments might be best for you.