Celsius, a crypto exchange facing bankruptcy, released half a million users' transactions in its court filing—opening a vast breach in user privacy and reiterating the paradoxical nature of crypto's focus on privacy.
of cryptocurrency's privacy is that the blockchain, that unchangeable ledger of all a cryptocurrency's transactions, serves as both a map and a mask: Bitcoin are easy enough to follow from one address to the next. But only a few entities, like the cryptocurrency exchanges that allow users to trade their crypto for traditional currency, are able to match the inscrutable strings of numbers and letters in those addresses to real-world identities.
accused of pulling tens of millions of dollars worth of crypto out of the exchange before revealing its insolvency The data dump includes the names and transaction details of Celsius' users along with the dates and amounts of each payment. The database doesn't include the cryptocurrency addresses that directly identify senders and recipients on cryptocurrencies' blockchains, but the unique payment amounts, detailed down to more than a dozen decimal places of precision in many cases, nonetheless make it possible to match the payments to blockchains' records.
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