Cardano Investor Loses ADA Worth More Than $25 Million to Celsius Freeze

Cardano

Information appears to have been made public under standard bankruptcy practice

According to CelsiusNetworth, a website that claims to rank each Celsius user according to their losses, a Cardano investor has lost over 60 million ADA in the Celsius crisis.

An investor named “Hirokhado Kohji” reportedly held 60,901,003 (60.9 million) ADA worth over $25.33 million before the crypto lender Celsius went out of business.

Last week more than 29,000 pages of court documents were uploaded to servers, exposing the financial information of millions of users who had money at cryptocurrency lender Celsius.

The information appears to have been made public under standard bankruptcy practice as Celsius, which froze customer accounts in July, is currently going through the Chapter 11 restructuring process.

The disclosure affected nearly 600,000 user accounts, exposing their wallet addresses, transaction history, cryptocurrency holdings, most recent transactions, and other data. The documents also showed how Celsius officials were able to withdraw millions from their accounts before the lender went bankrupt.

The business sought to have the names of its users withheld, but the judge only permitted the redaction of user email and home addresses.

The court documents that included information about Celsius users are reportedly the source of the Celsius Networth leaderboard. However, inaccuracies might occur as the site continues to aggregate data as a mix-up may occur in the identities of the individuals reported.

Cardano NFT watch historical moment

Largest Cardano NFT Mining Platform, NMKRA series of tweets focused on CIP-066, which enables NFT repository makers to associate their Decentralized Identifiers (DIDs) with the NFT.

Creators can directly link their identities to their NFTs by making their own DIDs and linking them to their NFT collections. Done in connection with Atala Prism, NMKR thinks that this could be a crucial first step in reducing fraud, rug pulls and identity theft on the blockchain.

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