4 traditional media houses Bloomberg, Dow Jones, New York Times, Financial Times
Claims of media companies
In court on May 3rd filingthe media house argued that FTX’s efforts to establish that its customers’ names constitute confidential commercial information were based on speculation that rival firms might try to lure them in. .
According to media companies, such speculation should not overcome the public’s presumed right of access to bankruptcy filings.
The media house further argued that FTX failed to demonstrate how the disclosure of customer information exposes it to fraud, identity theft, personal attacks, and online harm.
According to the filing, cryptocurrency holders are just like everyone else that scammers can target. It added:
“Virtually all parties to bankruptcy proceedings can file lawsuits anonymously if the mere act of being targeted by a phishing email or other deceptive vector justifies the blocking of an individual’s name. increase.”
To further support their claims, the media house wrote that the disclosure of information on the bankrupt Celsius customers was not covered by the allegations brought by FTX. The customer duly notified the appropriate authorities upon receipt of a phishing email or other fraudulent attempt.
They added that court records indicate that no Celsius customer named in the lawsuit was a victim of identity or cryptocurrency theft.
The news outlet further argued that there was no legal basis for redacting the names under foreign law.
“U.S. law provides citizens with strong presumptive rights, both constitutional and statutory, to investigate bankruptcy filings. It cannot be revoked by a party’s assertion of legal obligations under foreign law, including a party’s desire to do so.”
Bloomberg’s post, others demanding the court release FTX customer details, first appeared on CryptoSlate.
