Non-US FTX customers want private info redacted from bankruptcy filings

A radical of non-U.S. FTX customers are pushing to person their names and backstage accusation redacted from tribunal documents arsenic portion of the crypto exchange’s Chapter 11 bankruptcy process.

In a Dec. 28 joinder filing, the “The Ad Hoc Committee of Non-US Customers of FTX.com” (Ad Hoc Committee) stressed that publically revealing the names and backstage accusation of customers runs the imaginable hazard of individuality theft, targeted attacks and “other injury.”

“Requiring the Debtors to disclose the FTX.com customers’ names and different identifying accusation to the wide nationalist would origin irreparable harm, further victimizing the FTX.com customers whose assets were misappropriated.”

The radical is comprised of 15 radical successful idiosyncratic oregon typical capacities, suggesting determination is simply a acold greater fig successful the group. In total, the Ad Hoc Committee claims to correspond astir $1.9 cardinal worthy of locked assets successful FTX.com.

A joinder refers to a benignant of tribunal filing successful which respective suits person been joined together, oregon an further enactment has attached itself to different filing.

In this instance, the Ad Hoc Committee is jumping connected the “Motion of Debtors for Entry of Interim and Final Orders” which seeks to withhold confidential lawsuit information, among different things.

“The Ad Hoc Committee submits this Joinder successful enactment of the Redaction Motion’s petition to redact names and each different identifying accusation of the FTX.com customers from immoderate insubstantial filed oregon made publically disposable successful these proceedings, including the Creditor Matrix, Consolidated Top 50 Creditors List, and Schedules and Statements,” the filing reads.

The U.S. Trustee has antecedently filed an objection to the archetypal question connected Dec. 12 however, arguing that keeping accusation backstage could endanger the transparency of FTX’s section 11 bankruptcy process and that the nationalist had a “general close of entree to judicial records.”

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Publications specified arsenic The Wall Street Journal (WSJ), The New York Times, Bloomberg, and the Financial Times person adjacent successful tribunal called for the accusation to beryllium disclosed to the public, citing that it's usually what happens successful these types of bankruptcy procedures.

“Bankruptcy courts usually necessitate transparency into the affairs of troubled businesses, including their creditors, successful instrumentality for the protections of section 11,” WSJ writer Andrew Scurria wrote connected Dec. 29.

A akin incidental has already occurred successful the chapter 11 bankruptcy of Celsius, with tribunal documents revealing backstage information astir thousands of customers backmost successful October, overmuch to the dismay of the crypto community.