Media firms can intervene case and push fallen crypto exchange FTX to disclose customer names, says judge.
US judge John Dorsey has allowed media companies such as «New York Times», «Dow Jones», «Bloomberg» and «the Financial Times» to press FTX to reveal names of its customers during the bankruptcy hearing.
The media companies wrote in a Delaware bankruptcy court filing that keeping customer names undisclosed could ridicule bankruptcy proceedings if creditors start contesting over the amount of money they should receive.
FTX's Argument
FTX however said that disclosing names and other information of creditors could expose the exchange to scams and could violate privacy laws for those who live in Europe. FTX also said disclosing identities of as many as one million customers would undermine the value of FTX’s platform.
FTX’s request was objected by the US Trustee, part of the US Department of Justice, who said that transparency «helps protect against impropriety in bankruptcy cases».
