![]() He also authorized FTX to permanently keep secret the addresses and email addresses of individual creditors and equity holders. In January, Dorsey ruled that FTX could redact the names of all customers, and the addresses and email addresses of non-individual customers, from court filings for 90 days. Three former FTX executives have pleaded guilty to fraud charges and are cooperating with investigators. Founder Sam Bankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits to make lavish real estate purchases, campaign contributions to politicians, and risky trades at Alameda Research, his cryptocurrency hedge fund trading firm. ![]() ![]() “The debtors are in a position to realize value from these customer lists,” said FTX attorney Brian Glueckstein.įTX entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run. FTX believes its customer list could prove valuable as part of any sale of assets, or as part of a reorganization. They contend that secrecy is needed to protect FTX customers from theft and potential scams, and to ensure that potential competitors do not “poach” FTX customers. “And at this point, we don’t even know where the shock waves, both individually and institutionally, have hit the hardest, and what institutions may have the largest, or no, exposure as a result.”īut lawyers for FTX and its official committee of unsecured creditors argued that its customer list is both a valuable asset and confidential commercial information. “That collapse sent shock waves not just through the cryptocurrency industry, but the entire financial industry,” Townsend said. Katie Townsend, an attorney for the media outlets, had argued that the press and the public have a “compelling and legitimate interest” in knowing the names of those affected by the stunning collapse of FTX. “I want to make sure that they are protected and they don’t fall victim to any types of scams that might be happening out there.” “It’s the customers that are the most important issue here,” he said. ![]() He also said FTX customers need to be protected from bad actors who might target them by scouring the internet and the “dark web” for their personal information. ![]() bankruptcy trustee, which serves as a government watchdog in Chapter 11 reorganization cases, challenging FTX’s request to keep the names of customers and creditors secret.ĭorsey ruled that customer identities constitute a trade secret. (AP) - The names of individual customers of collapsed cryptocurrency exchange FTX Trading can be permanently shielded from public disclosure, a Delaware bankruptcy judge ruled Friday.įollowing a two-day hearing, Judge John Dorsey rejected arguments from lawyers for several media outlets and for the U.S. The signatories are: Prof Frank J Kelly, Imperial College London Dr Sean Beevers, Imperial College London Prof Marta Blangiardo, Imperial College London Dr Henry Burridge, Imperial College London Dr Martin Cliff, Swansea University Prof Shenna Cruickshank, University of Manchester Dr Dimitris Evangelopoulos, Imperial College London Dr Gary Fuller, UKRI Clean Air Champion, Imperial College London Dr Julia Fussell, Imperial College London Dr David Green, Imperial College London Prof Chris Griffiths, Queen Mary University of London Dr Yiqun Han, Imperial College London Prof Roy Harrison, University of Birmingham Dr James Haydon, University of Nottingham Prof Mathew Heal, University of Edinburgh Prof Sir Stephen Holgate, UKRI Clean Air Champion, University of Southampton Prof Klea Katsouyanni, Imperial College London Prof James Lee, University of York Dr Joseph Levermore, Imperial College London Dr Mathew Loxham, University of Southampton Prof Eloise Marias, University College London Dr Mark Miller, University of Edinburgh Dr Ian Mudway, Imperial College London Dr Audrey de Nazelle, Imperial College London Prof Cath Noakes, University of Leeds Dr Paul Pfeffer, Queen Mary University of London Prof Francis Pope, University of Birmingham Dr Heather Price, UKRI Regional Clean Air Champion for Scotland, University of Stirling Prof Alison Tomlin, University of Leeds Dr Diana Varaden, Imperial College London Dr Stephanie Wright, Imperial College London Dr Abigail White House, Queen Mary University of London Dr Hanbin Zhang, Imperial College London.DOVER, Del. ![]()
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