Creditors for BlockFi are hoping their personal details won't be published as part of bankruptcy proceedings - echoing fears from previous cases such as Celsius and FTX. jackschickler reports.
that they will be at risk of hacks or identity theft if their names are revealed as part of bankruptcy proceedings.are seeking to avoid a situation seen in the case of Celsius – where the financial details of hundreds of thousands of users were published as part of standard judicial procedure.separate Tuesday filing
to the New Jersey bankruptcy court that “disclosure is a basic premise of bankruptcy law,” needed to avoid any suggestion of impropriety – echoing arguments he has previously made in the case of collapsed crypto exchange FTX. A committee of BlockFi creditors said that giving away a valuable client list for free would reduce the value of the estate – and that publication would make them vulnerable to theft, noting that even experienced bitcoin developers such asIn the case of FTX, the motion to publish the creditor list – which has been supported by media companies including
– will be considered at a court hearing in Delaware later on Wednesday, Jan. 11, and judge Michael Kaplan is set to consider the BlockFi case at a Jan. 17 hearing.
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