- We are talking about Bloomberg, Dow Jones, The New York Times and Financial Times
- Media Claims There Was No Reason Under Law To Withhold FTX Customer Names
Media companies: Bloomberg, The New York Times and Financial Time filed objections to editing information about non-US clients of the bankrupt FTX exchange.
The statement said that FTX’s attempt to prove that the names of its clients were confidential commercial information was based on the assumption that competing firms might try to poach them.
According to the media, these assumptions should not prevent the public from providing access to bankruptcy documents. They also reported that the exchange has not proven how disclosing information about its customers can lead to fraud, identity theft or attack on them.
To prove their point, the media cited the example of Celsius. The disclosure of client information did not have any negative consequences. On the contrary, these users duly informed the relevant authorities when they received phishing emails and other fraudulent attempts.
Also, the media wrote that according to foreign laws, there is no legal basis for abbreviating names. They wrote:
“US law guarantees the public the right to familiarize themselves with bankruptcy documents. It cannot be overridden by a party’s assertion of legal obligations under foreign law.”
