The names of individual customers of collapsed cryptocurrency exchange FTX Trading can be shielded from public disclosure, a Delaware bankruptcy judge rules.
The names of individual customers of collapsed cryptocurrency exchange FTX Trading can be permanently shielded from public disclosure, a Delaware bankruptcy judge ruled Friday.
Following a two-day hearing, Judge John Dorsey rejected arguments from lawyers for several media outlets and for the U.S. 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. 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.
“The debtors are in a position to realize value from these customer lists,” said FTX attorney Brian Glueckstein. On Friday, the judge approved the permanent sealing of individual customer names and extended the secrecy regarding the names of institutional customers for another 90 days.
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