Court filings spanning over 14,500 pages have revealed that Celsius Network executives withdrew substantial funds ahead of halting withdrawals for the platforms users.
The document, uploaded by Gizmodo, shows the transactions of all Celsius users, including purchases, withdrawals and interest earned.
Former CEO Alex Mashinsky and ex-CSO Daniel Leon had been accused of withdrawing US$17 million in between May and June 2022, ahead of withdrawal suspension and the company’s bankruptcy. Mashinsky resigned from the company last month.
The documents now show that the two executives cashed out at least US$17 million and as much as US$23 million.
Celsius halted withdrawals in June before filing for bankruptcy the following month. Around US$4.7 billion is reportedly owed by the staking platform.
Leon resigned earlier this week, without stating a reason. Last month, he declared his 32,600 Celsius common stock as worthless as part of his bankruptcy court case.
Elsewhere in the 14,500-page court document, Mashinsky’s wife withdrew over US$2 million on 31 May. The document leaking into the public eye has drawn flack from Twitter users.
“This horrific breach of privacy will lead to many robbed & killed,” wrote prominent Web3 tweeter 0xfoobar, “Anything not provably [sic] cryptographically private will become public.”
Celsius published a 14,000-page document detailing every user’s full name, linked to timestamp & amount of each deposit/withdrawal/liquidation— foobar (@0xfoobar) October 6, 2022
This horrific breach of privacy will lead to many robbed & killed
Anything not provably cryptographically private will become public pic.twitter.com/xaLbEeedDe