{"id":15365,"date":"2022-12-11T15:34:13","date_gmt":"2022-12-11T15:34:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/new-york-times-ft-bloomberg-blasted-for-attempting-to-get-ftx-creditors-names-unsealed-bitcoin-news\/"},"modified":"2022-12-11T15:34:13","modified_gmt":"2022-12-11T15:34:13","slug":"new-york-times-ft-bloomberg-blasted-for-attempting-to-get-ftx-creditors-names-unsealed-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/new-york-times-ft-bloomberg-blasted-for-attempting-to-get-ftx-creditors-names-unsealed-bitcoin-news\/","title":{"rendered":"New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed. The media companies believe the public should be made aware of the creditors\u2019 information, as the publications stressed in the court filing that the \u201cnews media acts as the eyes and ears of the public.\u201d<\/strong><\/p>\n

So-Called \u2018Media Intervenors\u2019 Insist the Court Should Unseal FTX\u2019s Creditor Information<\/h2>\n

Four major news media publications have filed a document with the Chapter 11 bankruptcy case tied to the now-defunct FTX cryptocurrency exchange. Essentially, the publications call themselves \u201cmedia intervenors\u201d and the intervenors \u201cobject to the continued sealing and redaction of information that historically has been quintessentially public in nature.\u201d The four media outlets include the Financial Times (FT), the New York Times (NYT), Bloomberg, and Dow Jones & Company.<\/p>\n

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The so-called \u201cmedia intervenors\u201d cite a specific rule that permits \u201cany interested entity\u201d to intervene in a bankruptcy matter and \u201cwith respect to any specified matter.\u201d The publications also says that the courts have \u201croutinely recognized the right of the media\u201d to \u201cintervene\u201d or \u201cchallenge sealing orders.\u201d The filing adds:<\/p>\n

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The news media acts as the eyes and ears of the public, informing the public of issues of the day. This valuable social function is hampered by sealing of judicial records.<\/p>\n<\/blockquote>\n

Despite the debtor\u2019s objections to keep the customer list in strict confidence, and the reasoning that says the dissemination of the debtors\u2019 customer list could cause harm to the clients, the \u201cmedia intervenors\u201d call these arguments \u201cvague statements\u201d that \u201cdo not appear to satisfy the evidentiary burden.\u201d Bloomberg, FT, NYT, and the Dow media firms insist that \u201credacting the names of creditors is inappropriate.\u201d The court filing continues:<\/p>\n

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While redaction of contact information arguably may be justified in some circumstances to prevent identity theft and harassment, releasing the names of the creditors neither exposes the creditors to risk of identity theft nor to personal danger. It also does not create undue risk of unlawful injury.<\/p>\n<\/blockquote>\n

Additionally, the Celsius bankruptcy case is highlighted by the media firms in the court filing. In that specific case, the bankruptcy court published<\/a> 14,000 pages of Celsius customer usernames and trade histories. After the court did this to Celsius users, it caused quite a bit of public outcry. \u201cThis Celsius dox is one of the [most] egregious privacy violations in crypto history,\u201d one individual wrote<\/a> at the time. The news also follows the public denouncing mainstream media publications on several occasions for doxxing people.<\/p>\n

From Dorian Nakamoto to Libs of Tiktok, Media Doxxing Moves Beyond Internet Culture and Becomes the Industry\u2019s Choice Tool<\/h2>\n

In recent times, the Washington Post\u2019s reporter, Taylor Lorenz, was blasted<\/a> in mid-April for reportedly doxxing the Libs of Tiktok creator. Four years ago mainstream media publications like the NYT said<\/a> that doxxing has become \u201ca mainstream tool in the culture wars.\u201d The report notes that \u201cidentifying extremist activists and revealing their personal information has become a bit of a sport on the internet.\u201d<\/p>\n

Years later, the establishment\u2019s media has been accused of leveraging the doxxing tool and using the controversial tool for clicks, publicity, and notoriety. When Newsweek columnist Leah McGrath Goodman published a report in March 2014, the reporter was slammed<\/a> for doxxing Dorian Nakamoto\u2019s California address. It was found that Dorian was not Satoshi Nakamoto and he said the reporter treated him unfairly.<\/p>\n

As far as the FTX bankruptcy case is concerned, Redditors from the forum r\/cryptocurrency lambasted<\/a> Bloomberg, FT, NYT, and the Dow media firms for attempting to dox customers associated with the fallen exchange. In the forum discussion, Redditors also talked about how a number of publications<\/a> like the New York Times published puff pieces<\/a> on the FTX co-founder Sam Bankman-Fried.<\/p>\n

\u201cNever expected anything better by the media. It\u2019s just all about the money for them and 0% about the truth,\u201d one individual wrote<\/a>. \u201cSadly way too many still trust them.\u201d Another person added<\/a>:<\/p>\n

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Mainstream media are paid actors.<\/p>\n<\/blockquote>\n

Despite the most recent public outcry against the Celsius dox, the so-called \u201cmedia intervenors\u201d do not mention that part of the story, even though it was quite evident the public was not pleased with the bankruptcy court\u2019s decision.<\/p>\n

\u201cRedacting the names of the creditors will have far-reaching impact as the case progresses,\u201d the media publications note in the FTX bankruptcy court filing. \u201cThis court has routinely authorized debtors in other Chapter 11 cases to file under seal confidential information,\u201d the filing concludes.<\/p>\n

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\nTags in this story
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Bankruptcy Court<\/a>, Bankruptcy Matters<\/a>, Bloomberg<\/a>, Celsius<\/a>, Celsius Doxx<\/a>, court case<\/a>, crypto exchange<\/a>, Dorian Nakamoto Doxx<\/a>, Dow Jones and Company<\/a>, Establishment Media<\/a>, financial times<\/a>, FT<\/a>, FTX media<\/a>, Libs of Tiktok<\/a>, Mainstream media<\/a>, Media<\/a>, media intervenors<\/a>, msm<\/a>, NYT<\/a>, Puff Pieces<\/a>, Redacting<\/a>, Sam Bankman-Fried<\/a>, sbf<\/a>, Sealing<\/a>, Taylor Lorenz<\/a>, The New York Times<\/a>, Unredact<\/a>, Unredaction<\/a>, Unsealing<\/a>, washington post<\/a><\/div>\n<\/div>\n

What do you think about Bloomberg, FT, NYT, and the Dow media firms attempting to get FTX\u2019s creditors\u2019 list unredacted? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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