Judge in FTX bankruptcy says customer names can remain secret
Channel NewsAsia Best News Website or Mobile Service
WAN-IFRA Digital Media Awards Worldwide
Best News Website or Mobile Service
Digital Media Awards Worldwide
DELAWARE, US: The names of individual customers of collapsed cryptocurrency exchange FTX Trading can be permanently shielded from public disclosure, a Delaware bankruptcy judge ruled Friday (Jun 9).
Following a two-day hearing, Judge John Dorsey rejected arguments from lawyers for several media outlets and for the US bankruptcy trustee, which serves as a government watchdog in Chapter 11 reorganisation cases, challenging FTX's request to keep the names of customers and creditors secret.
Dorsey ruled that customer identities constitute a trade secret. 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.
Its the customers that are the most important issue here, he said. I want to make sure that they are protected and they dont fall victim to any types of scams that might be happening out there.
