It’s been revealed that a judge said that the FTX customer names would be able to remain shielded. Check out the latest reports about the matter below.
FTX clients’ names can remain shielded
According to the latest reports, it seems that the collapsed exchange FTX’s customer list can remain permanently sealed. This is according to what a judge ruled on June 9, after a debate over how the list can return value to investors.
As the online publication The Block notes, the Delaware Judge John Dorsey ruled that the list counts as a trade secret, according to the Associated Press, and keeping the list secret will help protect creditors from harm.
“It’s the customers that are the most important issue here,” the judge said, according to AP. “I want to make sure that they are protected and they don’t fall victim to any types of scams that might be happening out there.”
Back in April, we were revealing the fact that a new report by Reuters, the bankrupt crypto-swapping platform has recuperated $7.3 billion in cash and liquid digital assets as the firm considers how to move forward from its catastrophic downfall last year.
“FTX attorney Andy Dietderich told Reuters the situation has stabilized and that the worst is over, further adding that FTX has greatly benefited from rising crypto prices in 2023,” the online publication the Daily Hodl noted.
According to Dietderich, the amount recovered by the firm would total about $6.2 billion rather than $7.3 billion based on crypto prices from November 2022, when the company first filed for bankruptcy. We suggest that you check out the complete original article in order to learn more details about this.
At the beginning of this month, we revealed more interesting info about the crypto exchange.
Stay tuned for more news and make sure to check out the latest in the crypto space as well.
