A New Tool Analyzes the Losses After the Celsius Debacle

• A new tool was discovered to know the details of the losses after the Celsius debacle.
• The tool relies upon the document released by the blockchain company recently.
• Traders who had lost more than $12 million would be shown at the top list.

A new tool made it possible to analyze how much money the Celsius members had lost, following the Celsius collapse.

The investors and traders are very happy about the new invention of the tool. Tweeters like Stephen Cole expressed their appreciation for the discovery. One Twitterati wrote “holy moly” and displayed the front page of the tool’s website.

On July 13 2022, Celsius announced that the company filed for Chapter 11 bankruptcy protection in the US Bankruptcy court after a long turmoil. The executives explained that the company had the right decision at the right time.

Recently, the company released a 14,532 pages long document revealing the details of all the transactions that occurred on the platform. The record showcased the imprudent behavior of some of the executives of the company including the former CEO, Alex Mashinsky, and the former CSO Daniel Leon who pulled a large amount in cryptocurrency.

Adding on, the newly introduced tool now lets anyone view the list of losses after the company filed for bankruptcy protection.

Interestingly, the search board of the tool allows the users to know whether anyone has come to the “leaderboard” of the biggest losers. In fact, only those who have lost a considerable amount, almost higher than $12 million would be shown in the top 10 list.

The revelation of the details made the tweeters nervous, realizing that a lot of traders had lost a huge sum of money.

Notably, the tool relies on the customer data revealed by the blockchain that included the details such as customer names, crypto wallet IDs, transaction details, etc.