NewsletterFTX Creditors Lauds Former US Secret Service Agent In Bankruptcy Case
FTX Debtors and the Official Committee Of Unsecured Creditors filed a motion in the court to redact or withhold confidential information and personal details of FTX creditors in any court filings related to the bankruptcy case. Former US Secret Service Agent Jeremy A. Sheridan supported anonymity for creditors citing risks of identity theft or unlawful injury.
FTX Debtors and Creditors Filed Motion To Keep Names Anonymous
According to a court filing dated April 20, FTX and the Official Committee of Unsecured Creditors submitted a motion in the U.S. Bankruptcy Court for the District of Delaware. The motion aims to redact and withhold the names, addresses, and e-mail addresses of any creditors or entity.
The Debtors and Committee believe the names of customers who are natural persons should be kept private to protect them from potential harm caused by scams and other threats. The Court has already ordered that customers’ email and physical addresses be sealed.
Former US Secret Service Agent Jeremy A. Sheridan, who is managing director of FTI Consulting Inc, filed a declaration in support of the motion. FTI Consulting is the financial adviser for the Official Committee of Unsecured Creditors.
Sheridan asserts identifying FTX customers imposes a severe and unusual risk of identity theft, asset theft, personal attack, and further online victimization.
The US Trustee and media companies, including Bloomberg, claimed to make the names of FTX customers public, arguing that it would help identify if the individuals are creditors in any other bankruptcy case. However, the Bankruptcy Code authorizes a court to protect an individual’s details as it may lead to identity theft or unlawful harm.
Meanwhile, Tribe Capital mulling a fresh capital injection of $250 million to restart the crypto exchange FTX. The committee of unsecured creditors announced to begin work with the debtors to analyze all of the potential options to either reboot or sell the exchanges.
Also Read: Banks, VCs, Pension Funds Once Crypto-Friendly Steering Away From Crypto
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- U.S. Senate Hits the Pause Button on Crypto Market Structure Bill, Why the Delay Again?
- Why is the Crypto Market Down Today? BTC, ETH, XRP Lead Drop
- SEC Crypto Task Force Hosts Financial Privacy Roundtable Today: What to Expect
- Breaking: Kevin Warsh Now Favorite to Replace Powell After Hassett’s Fed Chair Bid Faces Pushback
- First Hyperliquid ETF Launch ‘Imminent’ as Bitwise Files Amended S-1 With SEC
- Bitcoin Price Weekly Forecast as Gold’s Surge Revives Inverse Correlation — Is $85K Next?
- Ethereum Price Risks $2,600 Drop Despite JPMorgan’s New Fund on its Network
- Analyst Confirm Pi Network Price Could Still Reach $1, Here’s When?
- Is Ethereum Price Set for a Rebound as a Prominent Whale Accumulates $119M After the Dip?
- XRP Spot ETF Records Nearly $1B Inflows While BTC and ETH Bleed- Is A XRP Price Reversal Ahead?
- Bitwise SOL ETF Records 33 Days of Nonstop Inflows- Is A Recovery to $150 Possible?
