Reuters
FTX bankruptcy judge allows media companies to argue for revealing customer names
A U.S. judge overseeing the bankruptcy of FTX said on Friday that he will allow media companies to make their case that the collapsed crypto exchange must publicly disclose the names of its customers.U.S. Bankruptcy Judge John Dorsey in Delaware said the New York Times, Dow Jones, Bloomberg and the Financial Times could present their arguments on requiring FTX to disclose customer names at a hearing on Jan. 11. The media companies argued in a court filing that keeping the names of as many as 1 million customers secret could turn bankruptcy proceedings into a “farce” if creditors start fighting anonymously over how much money they should receive. FTX has argued the U.S. bankruptcy practice of disclosing details about creditors, which includes customers, could expose them to scams, violate privacy laws and allow rivals to poach them, undermining the FTX’s value as it hunts for buyers.
Source: finance.yahoo.com