TechFlow news — The Official Committee of Unsecured Creditors of FTX announced on Twitter that hearings in the FTX bankruptcy case were held at the bankruptcy court on June 8 and 9, covering the Bahamian proceedings and a motion to seal customer information.
On June 9, the court denied the motion filed by the Joint Provisional Liquidators (JPLs) from the Bahamas to lift the automatic stay. In its ruling, the court emphasized that maximizing fund recovery and returning funds to creditors and customers remains the paramount consideration.
The court also directed the parties to mediate issues raised by the liquidators, with the FTX creditors committee participating in the mediation to protect the interests of creditors and customers.
Additionally, the bankruptcy court approved the joint motion by the debtors and the creditors committee to seal customer data.
In the remaining bankruptcy proceedings, personal identifying information—including names, email addresses, and physical addresses—of individual customers will be permanently deleted to protect them from potential fraud and other threats.
For corporate customers, names, email addresses, and addresses will be deleted within 90 days, although this period may be extended.
