Bankruptcy in November last year. cryptocurrency There has been a new development in the FTX case of the stock market. litigation in the USA FTX Some of the demands submitted by the party to the court were accepted. Judge John Dorsey of the Delware-based court ordered that customer names remain permanently confidential.
The judge in charge of the bankrupt market case thinks that releasing client names poses great risk, even if other information is withheld. Dorsey stated that he did not want a case of fraud, emphasizing the security of 9 million customers.
Delware Court made a 3-month interim decision in January to keep 9 million individual customers private. However, court judge Dorsey made this decision permanent, guaranteeing confidentiality. During the hearing on Friday, the judge also made a number of recommendations for corporate clients.
They Can Remove Institutional Investors From The List!
The judge, who spoke during the hearing, also gave FTX officials the right to file a new application within 90 days. Judge Dorsey allowed the failed stock exchange to remove corporate company and client names from the list. The presiding judge stressed the value of information, although institutions are less at risk. According to Dorsey, large customer information will be a valuable property if the exchange is sold to someone else.
US and Bahamian Authorities Disagree!
Judge Dorsey finally spoke about the dispute between FTX’s US and Bahamian affiliates. Dorsey stated that the two sides should agree on this issue through mediation.
The bankruptcy of the FTX exchange does not only concern the USA. The official headquarters of the sunken crypto trading platform is located in the Bahamas. The trustees in the USA and the Bahamas, which are carrying out the bankruptcy process, are in great disagreement. Most of the debtors reside in the USA, and the Bahamian authorities do not accept claims from outside.
For the continuation of the article, Important Decision from the FTX Judge, These Documents Will Not Be Published!