Bankrupt cryptocurrency company Celsius Network has revealed your creditors’ information in a recent court filing, including names, addresses, amount owed, and email addresses, among others.

This is a continuation of court proceedings after the crypto firm filed for Chapter 11 bankruptcy in the US.

This step was not taken in isolation; however, it is a requirement of the law to guarantee transparency in the management of the company’s debts.

The filing includes more than 14,000 pages of documents, including details of hundreds of thousands of creditors of the crypto company.

While the crypto community has raised various concerns about the adverse effect this move by Celsius will have on its creditors, making them vulnerable to cyber threats, the bankruptcy judge in charge of Chapter 11 proceedings, Martin Glenn, ordered that the physicist Creditor addresses should be redacted, but other information should remain.

This is after the legal counsel representing Celsius filed an appeal with the court requesting the redaction of names to protect his creditors from being prone to cyberattacks.

The filing also revealed that former CEO Alex Mashinsky had withdrawn roughly $10 million from the network earlier. the crash.

His spokesman claimed that the withdrawal was pre-planned and used to settle tax bills. However, this has raised questions and concerns about the former CEO’s involvement in the Celsius platform accident.

In addition to this, the presentation also revealed that other executives of the crypto company had withdrawn crypto assets worth approximately $8 million.

However, the former CEO’s spokesperson noted that Alex Mashinsky’s crypto investment to the tune of $44 million remains frozen on the platform.

Celsius Network filed for Chapter 11 in the Bankruptcy Court for the Southern District of New York in July due to the prolonged crypto winter and how it has negatively affected the business. The crypto firm, however, promised that all of its creditors of around 1.4 million users will be duly compensated for their investment and there will be no cause for alarm.

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