• A group of non-U.S. FTX customers are pushing to have their names and private information redacted from court documents as part of the crypto exchange’s Chapter 11 bankruptcy process.
• The group, made up of 15 people in individual or representative capacities, claims to represent people or entities with around $1.9 billion worth of locked assets in FTX.com.
• The Ad Hoc Committee is filing a joinder in support of a motion of debtors for entry of interim and final orders, which seeks to withhold confidential customer information.
FTX.com, a crypto exchange, is currently in the midst of a Chapter 11 bankruptcy process. As a result, a group of non-U.S. customers of the exchange have come together to advocate for their rights. The Ad Hoc Committee, a group that consists of 15 individuals or representatives, is pushing to have their names and private information redacted from court documents. The group claims to represent people or entities with around $1.9 billion worth of locked assets in FTX.com.
The Ad Hoc Committee’s primary goal is to protect the identities of its members from potential identity theft, targeted attacks, and other forms of harm. To that end, the group has filed a joinder in support of a motion of debtors for entry of interim and final orders. This motion seeks to withhold confidential customer information, such as names and private data. It also requests that the Debtors provide the Ad Hoc Committee with an opportunity to comment on any proposed disclosure of customer data prior to such disclosure being made.
The Ad Hoc Committee has emphasized the importance of protecting its members from harm, especially in light of the potential risks that come with disclosing confidential customer information. The group has further argued that failure to protect the identities of its members would cause irreparable harm and further victimize the FTX customers whose assets were misappropriated.
At this time, it is unclear how the court will rule on this issue. However, the Ad Hoc Committee will continue to advocate for the protection of its members and the confidential information they provide. The group hopes that by doing this, it will ensure that its members are not further victimized in the wake of the FTX bankruptcy process.