
The court has granted FTX permission to remove customer names from all bankruptcy filings in an effort to protect them from scams and identity theft.
Powered by WPeMatico
]]>
A number of mainstream media outlets are pushing to publicize the personal details of FTX’s non-U.S. customers, similar to what happened with Celsius.
Powered by WPeMatico
]]>
While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle.
Powered by WPeMatico
]]>
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars. The U.S. Trustee’s Argument for an Independent […]
Powered by WPeMatico
]]>
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between […]
Powered by WPeMatico
]]>
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner.
Powered by WPeMatico
]]>
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom presentation, Friedberg claimed there was a conflict of interest between former and current FTX executives and FTX […]
Powered by WPeMatico
]]>
The decision comes after a Jan. 8 filing by FTX’s lawyers who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors.
Powered by WPeMatico
]]>