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Trade Secret

All articles tagged with #trade secret

FTX Customers' Identities Protected in Bankruptcy Proceedings
cryptocurrency2 years ago

FTX Customers' Identities Protected in Bankruptcy Proceedings

A bankruptcy judge in Delaware ruled that the names of customers who used the collapsed cryptocurrency FTX Exchange can remain secret permanently, as they are considered a "trade secret" and revealing them could lead to personal information theft by scammers. The judge also ruled that the names of creditors or equity holders from the U.K. and European Union can be released. FTX filed for bankruptcy in November, and its founder Sam Bankman-Fried has been accused of misleading investors and stealing billions of dollars in customer funds.

cryptocurrency2 years ago

FTX Bankruptcy Judge Upholds Customer Privacy and Control Over Disputed Assets.

A Delaware bankruptcy judge has ruled that the names of individual customers of collapsed cryptocurrency exchange FTX Trading can be permanently shielded from public disclosure, citing customer identities as a trade secret and the need to protect them from bad actors who might target them. The judge rejected arguments from lawyers for several media outlets and for the US bankruptcy trustee, which serves as a government watchdog in Chapter 11 reorganization cases, challenging FTX's request to keep the names of customers and creditors secret.