--- title: "“Bachelorette” Contestant Pushes Dad to Invest in Crypto, Causing Him to Lose It All" description: "The Celsius crypto wallet bankruptcy keeps rearing its ugly head — this time, affecting the father of a \"Bachelorette\" contestant." date: "2022-08-13" modified: "2022-08-13" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/bachelorette-dad-crypto-celsius" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "celsius" - "crypto" - "the blockchain" - "the digest" --- # “Bachelorette” Contestant Pushes Dad to Invest in Crypto, Causing Him to Lose It All ![The Celsius crypto wallet bankruptcy keeps rearing its ugly head — this time, affecting the father of a "Bachelorette" contestant.]() *\Image: ABC\* ## Not So Rosy In a convoluted turn that perfectly marries the chaotic worlds of cryptocurrency and reality TV, the father of a "Bachelorette" contestant reportedly can't access his retirement savings because it was all stored in a now-frozen crypto wallet. As [the *Los Angeles Times* reports](), current "Bachelorette" contender Zach Shallcross pushed his dad Chapman, a retired Californian fire captain, to invest in crypto. When he retired from his job as the captain of Orange, CA's fire department, the elder Shallcross put his savings into the Celsius crypto wallet. He though the investment was safe at the time, but it turned out to be anything but when the [Celsius Network froze more than $4 billion in assets]() and [subsequently filed for bankruptcy]() earlier this summer. "I thought \[Celsius\] would be a solid place to put my cryptocurrency," he told the *LA Times,* "and as it’s turning out, it’s not and it’s horrifying." He was, of course, not alone. Shallcross is one of nearly 1.7 million people globally who are locked out of their wallets, the *LA Times* notes — a group that includes, outrageously, [Canada's second-largest pension fund](), worth roughly $150 million. ## Let Him In Shallcross Senior is now unable to access the $400,000 he put into Celsius, which he'd intended to let appreciate for five to seven years before withdrawing it. "I just want access to my crypto," he told the newspaper. "I want to be able to pull it off, which by the way is what Celsius promised." Given that Celsius is, as the report notes, currently under investigation in five states and with a likely New York probe pending, it seems that the elder Shallcross might not get access to his nest egg anytime soon. **READ MORE:** [‘Bachelorette’ contestant’s firefighter dad has retirement locked up in bankrupt crypto lender]() \[*The Los Angeles Times*\] **More on crypto:** [*Iran Just Made a $10 Import Order Using Crypto*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()