It was widely assumed that last year's Celsius filing revealed many of its users' personal crypto wallets. We found out how many.
, we took a dive into the filing and managed to link up just over 127,000 transactions in the filing to blockchain transactions made by a total of 52,057 unique wallets.
For the list of names alone, that might be the case. But the combination of the names, alongside information that revealed their personal crypto wallets — and when combined with other data leaks — is a far more dangerous prospect. This research was conducted to understand the extent of the data that could be worked out from the filing and the potential ramifications without diving deeply into specific wallets.The filing contains a huge amount of data. There are 2.7 million records, from interest payments to internal account transfers. This includes over 568,000 deposits and withdrawals.
Out of the 52,057 wallets that we found, Nansen identified 32,683 that were likely owned by centralized exchanges. This shows many Celsius users sent their funds from an exchange like Coinbase directly to Celsius, and vice versa. Nansen also found 3,615 wallets that belonged to some kind of decentralized entity, like an exchange or a smart contract used for bridging crypto to different blockchains.Around 1,600 of the personal wallets are linked to at least one Ethereum Name Service domain name.
This data also makes it easy to spot the wealthiest crypto investors among Celsius’ customer base. Nearly 900 of the personal wallets contain more than $100,000 at current prices — and that’s excluding tokens on other chains and NFTs — while 128 of them contain over $1 million. Thirteen of the wallets each contain more than $10 million.
Adam Shiff, bankruptcy expert and partner at law firm Fried Frank, said that, in bankruptcy cases, there’s usually a list of creditors and parties related to the case and that these lists are supposed to have the name and address of each creditor. Courts also have a broad mandate to redact information and typically do so for home addresses.