The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings.
The decision was reportedly made by Judge John Dorsey in the Delaware-based bankruptcy court on Jan. 11 in response to a 168-pageJudge Dorsey said that he remains “reluctant at this point” to disclose the confidential information, as it may put creditors “at risk,”"We're talking about individuals here who are not present – individuals who may be at risk if their name and information is disclosed.
Days earlier, FTX lawyers argued “that disclosure of the information would create an undue risk of identity theft or unlawful injury to the individual or the individual’s property” and that the court should use its “broad discretion” under the U.S. Bankruptcy Code to protect those affected by the FTX collapse.
How do you think FTX's recovery of $5 billion in cash and cryptocurrency will impact the bankruptcy proceedings? FTX Recovery
Do you think it is fair for FTX customers to have their information kept confidential while equity holders have had theirs released? FTX Transparency
How do you think FTX's bankruptcy proceedings compare to other crypto company's bankruptcies? FTX
Are you surprised to see notable names like Tom Brady and Peter Thiel as investors in FTX? FTX Investors
Do you know of any other cryptocurrency exchanges that have gone bankrupt and had similar confidentiality requests? Crypto Bankruptcy
What do you think of the decision to keep FTX customer's information confidential in light of identity theft concerns? FTX Security
Didyouknow that FTX has been granted confidentiality for the names of up to nine million customers for the next three months? FTX Bankruptcy
Corrupt judiciary judge!!!
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