Very Little Sympathy for These Folks

It appears that some customers of the failed cryptocurrency exchange, and Ponzi scheme FTX are concerned that the bankruptcy will reveal their identities.

First, the various creditors have a right to know all the other creditors to see if they can recover from people who got out before the collapse, second there is no legal privilege for a business relationship in a bankruptcy, and third go f%$# yourself you greedy scum:

A group of FTX’s international customers asked for a court order shielding their names from the public, spotlighting a privacy issue that has divided bankruptcy courts in other crypto-related cases.

Unnamed customers of FTX.com, the failed company’s largest exchange platform outside the U.S., said in court papers Wednesday their interest in keeping their identities and contact information secret trumps the public’s interest in an open and transparent bankruptcy process. Public disclosure of customer identities puts them at risk of identity theft and cyber scams, and could diminish whatever value remains in FTX, according to the customer group.

It should be noted that the no value remains in FTX.

………

Justice Department lawyers and media organizations including The Wall Street Journal have asked in bankruptcy court for FTX customers’ names to be disclosed in its public filings. The judge overseeing FTX’s chapter 11 case is scheduled to consider next month if the identifying information should be redacted.

Bankruptcy courts normally require transparency into the affairs of troubled businesses, including their creditors, in return for the protections of chapter 11. FTX, Celsius Network LLC and other crypto platforms moving through bankruptcy have said their customers should nonetheless stay anonymous.

………

Government lawyers have argued in court filings that redacting users’ data is a slippery slope that would move a significant portion of the firms’ bankruptcy proceedings out of public view.

We all know what, "Swiss Bank Accounts," means.  That FTX wraps this sort of shady operation in crypto doublespeak does not make this any more deserving of anonymity.

The degree to which anonymity in high finance is pierced, we all benefit.