Media giants appeal to overturn court decision to keep FTX user names redacted

2023-6-25 01:18

A cohort of media houses filed an appeal on June 23 to overturn a bankruptcy court’s decision to redact the names of FTX users permanently. The publishing giants include Dow Jones & Company, Bloomberg, The New York Times, and the Financial Times.

On-going issue

FTX filed for bankruptcy in November 2022. Since then, FTX lawyers and users have advocated keeping the list of FTX’s nearly 9 million creditors confidential. The creditors argue that disclosing the names of FTX customers would expose them to the threat of scams and identity theft.

It is worth noting that in typical bankruptcy proceedings, the list of creditors is generally made public, like in the Celsius bankruptcy case. So, in December 2022, the four media giants filed a motion to have the names unsealed.

However, in January, bankruptcy court judge John Dorsey sided with FTX lawyers and ruled to keep the customer names sealed for three months.

In May 2023, the media houses again filed an objection to the redaction decision. They argued that the public has a “presumptive right” to inspect the FTX bankruptcy filings. Like everyone else, the firms noted that FTX creditors might fall prey to scams or frauds. However, that’s not enough reason to keep the names concealed because “virtually every individual party to a bankruptcy proceeding could litigate anonymously.”

Despite the objections of the media houses, Judge Dorsey again ruled in favor of FTX on June 9. The judge prioritized creditors’ safety and ordered FTX to “permanently redact” the names of its customers. The judge also asked the names of companies and institutional investors to be kept temporarily sealed.

His ruling was in accordance with the exception of the bankruptcy law, which considers the risk of harm by disclosure.

Third attempt

With the recent filing, the news organizations are attempting to have the names of FTX creditors disclosed for the third time. The lawyers representing the firms argue that FTX is not entitled to the “novel and sweeping exception” to the disclosure requirements simply because its customers used cryptocurrency.

The post Media giants appeal to overturn court decision to keep FTX user names redacted appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

FintruX Network (FTX) íà Currencies.ru

$ 0.0007462 (+2.01%)
Îáúåì 24H $73
Èçìåíåèÿ 24h: 3.78 %, 7d: 5.93 %
Cåãîäíÿ L: $0.0007462 - H: $0.0007462
Êàïèòàëèçàöèÿ $0 Rank 7418
Öåíà â ÷àñ íîâîñòè $ 0.0025809 (-71.09%)

names media ftx times overturn appeal court

names media → Ðåçóëüòàòîâ: 40


5 Top Crypto Twitter Traders Are Bullish on Bitcoin Right Now

As Bitcoin (BTC) enters another bull-and-bear fight, ranging between $7,800 and $8,000, crypto Twitter traders are warming up to a bullish attitude. Leading Twitter Accounts See Potential for Bitcoin Earnings on Bullish Moves Leading social media names have returned with a bullish attitude to bitcoin price moves, as the coin is now battling out new support levels.

2020-1-11 04:00


Ôîòî:

North Korean Crypto Social Media Monitoring on the Rise

Recent reports by the South Korean press warned that North Korea might be expanding its crypto social media monitoring.   Yesterday’s report by NK Economy claims that North Korean firm Marine Chain is actively keeping an eye on leading names in the crypto and blockchain space This would not have mattered for most other companies, but for Marine Chain, it has a particular significance.

2019-12-7 11:47


Facebook contract workers look at your private posts to help train its AI

A new report from Reuters has revealed how contract workers for Facebook and Instagram are looking at your private posts to help the social media platforms train their AI systems. Reuters suggests contractors are annotating the posts based on five “dimensions”: the content of the post (selfie, food, landmarks), the occasion of the post (life event, activity), expressive elements (opinion, feelings), author’s intent (to plan an event, making a joke, inspire others) and the post’s setting (home, school, work, outdoors).

2019-5-6 18:07


Ôîòî:

‘Endothermic Miners’ Scam From OnMiners Uses Fake Team, Office Photos

An self-styled cryptocurrency mining company from Luxembourg has fielded multiple scam accusations after it emerged its executives do not exist. Critics Say OnMiners Claims Too Good to Be True OnMiners, which purports to produce three mining rigs with vastly superior hash power to market competitors, used stock photos and likely fake names for its leadership on its website.

2019-3-20 14:00


Ôîòî:

‘Bitcoin’ Branded Altcoins Were a Phenomenon of Soaring BTC Price

Bitcoin has been forked to spawn more than 40 Bitcoin-branded altcoins in its history, and many remain completely unknown, new data published this week reveals. Bitcoin Forks Surged At Price All-Time High Compiled by cryptocurrency data analytics firm DataLight and uploaded to social media January 29, the summary sheds light on a host of altcoins which split off from the Bitcoin network at various points beginning in 2015.

2019-1-31 20:00


Ôîòî:

Ripple ‘Isn’t Really A Blockchain’ – Ethereum Co-Founder Downplays XRP, EOS

ConsenSys found and Ethereum co-founder Joseph Lubin told mainstream media that Ripple “isn’t a Blockchain technology” August 14, confirming it “isn’t a competitor” for Ethereum. Lubin: Ripple ‘Isn’t Really A Blockchain’ Speaking to Bloomberg about the current state of the cryptocurrency market and Ethereum development, Lubin delivered an interesting take on two of the industry’s biggest names.

2018-8-16 22:00


Ôîòî:

On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03