FTX Is Allowed to Hide the Identity of Its 50 Biggest Creditors
- Judge ruled creditors owed $3 billion can stay secret for now
- Chapter 15 proceedings tied to Bahamas will move to Delaware
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FTX creditors, including rich investors who don’t want their names made public, can remain anonymous and still participate in the company’s bankruptcy case for now, a judge ruled at the company’s first court hearing Tuesday.
US Bankruptcy Judge John Dorsey agreed to let the fallen crypto exchange redact the names of the 50 biggest unsecured creditors owed a total of $3.1 billion. The US Bankruptcy Code normally requires the names be filed in documents available to the public. Representatives for FTX argued those creditors are also customers and disclosure would allow rivals to steal their business.