FTX Customer names will remain sealed for now, rules judge

FTX Customer names will remain sealed for now, rules judge
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It comes after a January. 8 filed by counsel for ftx, which submitted that the public display could result in a delayed threat of identity theft or unlawful harm to ftx creditors.

The names of more than nine million FTX guests should remain non-public for at least another three months after the last decision in the FTX bankruptcy procedure.

The decision would have been made by Justice John Dorsey in the ruinous court of Delaware. 11 in response to a Formula 168- racer per ftx onjan. 8, which asked the court not to divulge information about non-public clients.

Judge Dorsey said that he remains “ reticent at this point ” to expose the nonpublic information, as it may put creditors “ at threat, ” despite increased pressure from several media outlets

“ These are people who are not here, people who could be in danger if their names and information are disclosed. ”

Days before, FTX attorneys argued “ that exposure of the information would produce an overdue threat of identity theft or unlawful injury to the individual or the existent’s property ” and that the court should use its “ broad discretion ” under theU.S. Bankruptcy code for people affected by the collapse of ftx.

At the end of December, a group of nonAmerican FTX guests also pushed the court to ruin delaware to keep information about private customers, arguing in adec. 28 form of junction that the public display would cause "irrecoverable damage. ”

Judge Dorsey’s decision does still run contrary to utmost ruin proceedings where creditor information is bared which is what happened in cryptocurrency lender Celsius ’ ruin proceedings in October.

Delaware's Court of Ruin hasn't been so nice to ftx shareholders, after they let Ajan go. 9 document which exposed the expected investors to be deleted and the number of shares they held with FTX.

These included the NFL legend and former FTX brand minister Tom Brady, his wife Gisele Bundchen, technology entrepreneur Peter Thiel and investor Kevin O'Leary.

It seems that progress is being made though, with ftx reported to have previously recovered 5 billion dollars in cash and cryptocurrency, ftx lawyer andy dietderich said in ajan. 11 statement.

According to the first forms of bankruptcy in November, more than a million creditors were suspected of being involved, with 3 billion dollars being owed to the only 50 biggest creditors.