Names of non-US FTX users demanded by mainstream media outlets
Some mainstream media outlets have objected to attempts to withhold the identities of non-United States customers of cryptocurrency exchange FTX during its bankruptcy proceedings.
In an April 4 filing to a Delaware Bankruptcy Court, media outlets Bloomberg, The Financial Times, The New York Times, and its parent firm the Dow Jones & Company jointly objected to the names of the customers being redacted, arguing the press and public have "a presumptive right of access to bankruptcy filings.”
Media group files objection to redacting FTX customer names.If the objection succeeds, the names of up to 1.4 million customers and their FTX balances would be made public. pic.twitter.com/w0avsJ6JYv
While FTX’s debtors are able to argue for the names of creditors to be redacted in bankruptcy filings — and have done so — the media outlets believe FTX and its customers have failed to “justify such secrecy.”
The Ad Hoc Committee of Non-US Customers of FTX.com claimed in a Dec. 28 filing that publicly revealing the names and private information of non-U.S. customers leaves them vulnerable to identity theft, targeted attacks, and “other injury.”
In the recent filing, the media outlets argued that if the “permanent sealing” of the users were permissible on the grounds claimed by FTX and the Committee “then sealing customers’ names would be routine in virtually every bankruptcy proceeding.”
Related: FTX EU launches withdrawal website to pay back European users
They added that “public access is of the utmost importance here,” as the magnitude of the FTX collapse has “ignited intense public interest in the U.S. legal system’s approach to the burgeoning and largely unregulated cryptocurrency market,” and added:
In response to the Committee’s
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