Bloomberg Tax
Nov. 25, 2022, 10:00 AM

ANALYSIS: In FTX Case, Transparency and Privacy Play Tug-of-War

Jeffrey P. Fuller
Jeffrey P. Fuller
Legal Analyst

One of the biggest bankruptcy battles to be fought in the wake of the FTX collapse will be waged between competing concerns for transparency and privacy.

At the crypto exchange’s first hearing in the Bankruptcy Court for the District of Delaware Tuesday, the debtors were able to withhold the identities of their top 50 unsecured creditors as well as the identification of creditors on the mailing matrix from the bankruptcy docket—for the time being.

Debtors’ counsel emphasized that FTX is no longer being run by Sam Bankman-Fried and that transparency will be one of the guiding principles of their Chapter ...