FTX, to remove client names involved in bankruptcy proceedings from all case files got court approval.
the past day a US judge decided in favor of FTX in the bankruptcy case. Struggling with legal processes, FTX requested the court to remove the names of its customers from the case files. USABankruptcy Judge John Dorsey, found this request reasonable and justified FTXthe names of your customers removed from the litigation process.
FTXclients’ names in U.S. Bankruptcy Court will not be disclosed.
FTX’s Clients Names Will Be Removed From Litigation Files
USABankruptcy Judge John Dorsey decided to remove FTX’s individual client names from its bankruptcy filings. Judge Dorsey said that as the reason for this decision, the most important issue is customer safety.
Dorsey evaluated the process on client names at FTX’s request. The judge must ensure that the names of his clients are included in the case file and exhibited in legal proceedings. riskystated that it might. to Dorsey according to, otherwise people may run the risk of fraud and identity theft.
Making plans to restructure and restart services FTX is also taking positive steps in the bankruptcy process. The stock market, which made a request to the court about its customers, took a decision in its favor. Dorsey, said they want to make sure that customers do not fall victim to any scam.
More before court had made a 3-month confidentiality decision on customer names. The decision of the court the other day was that the names of the customers remain confidential throughout the trial.
