Names of non-US FTX users demanded by mainstream media outlets

Some mainstream media have opposed attempts to hide the identities of cryptocurrency exchange FTX’s non-U.S. customers during bankruptcy proceedings.

April 4th filing Bloomberg, the Financial Times, the New York Times, and their parent company, Dow Jones & Co., have filed in Delaware bankruptcy court, jointly challenging the redaction of the names of their clients, leaving the media and the public “presumably claimed to have the right to Access to bankruptcy filings. ”

The media group objects to redacting FTX’s customer names.

A successful dispute will expose the names of up to 1.4 million customers and their FTX balances. pic.twitter.com/w0avsJ6JYv

— FTX 2.0pium (FTX Creditor) (@AFTXcreditor) April 5, 2023

FTX debtors can insist on redacting creditor names in bankruptcy filings, but the media believed FTX and its customers failed to “justify such secrecy.” I’m here.

FTX.com’s Non-U.S. Customer Ad Hoc Committee stated in a December 28 filing that the disclosure of non-U.S. customer names and personal information could lead to identity theft, targeted attacks, and “other ‘ and claimed to be vulnerable to.

In a recent filing, the press stated that if “permanent sealing” of users is permissible for the reasons FTX and the Commission argue, “sealing customer names is routine in virtually all bankruptcy proceedings.” It will be done systematically,” he said.

Related: FTX EU launches withdrawal website to repay European users

“Public access is paramount here,” he added, as the scale of the FTX demise “places great interest in the U.S. legal system’s approach to the burgeoning and largely unregulated cryptocurrency market.” added like

“The sealing of FTX’s creditor names to date has significantly hampered reporting and analysis of these proceedings, leaving the public and creditors largely unknown to the enforcement of U.S. bankruptcy laws in the context of crypto. Is not. “

In response to the Commission’s Dec. 28 filing, Judge John Dorsey granted permission to redact client names and addresses on Jan. 11 for an additional three months to disclose confidential information. “I was still reluctant at this point,” he said. It can “endanger” creditors.

Cryptocurrency lending platform Celsius similarly attempted to ensure that customer names remained redacted during bankruptcy proceedings, but was unable to convince the judge and decided on October 5, 2022, what to do. The personal information of 1,000 customers was exposed.

A hearing on this matter is scheduled for April 12 at 1:00 pm ET.

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