New York Times, FT, Bloomberg named for trying to unmask FTX payers. In FTX’s ongoing bankruptcy proceedings, court documents claim that media outlets such as Bloomberg, The New York Times (NYT), Dow Jones & Company and the Financial Times (FT) are seeking to remain anonymous. those related to FTX payers. Media companies believe that the public should be made aware of the information of those who pay, according to the documents mentioned in the court document that “media companies act as the eyes and ears of the public and king.”
The so-called ‘media intervenors’ insist in court that the FTX borrower’s information is released
Four major media outlets have filed for Chapter 11 bankruptcy cases involving the current cryptocurrency exchange FTX. Basically, the papers call themselves “respondents of the media” and those who respond “against continuing to close the mark and the restoration of information and history is really public.” The four exits include the Financial Times (FT), the New York Times (NYT), Bloomberg and Dow Jones & Company.
The so-called “media intervenors” cite a law that allows “any interested party” to intervene in financial matters and “in relation to any specific matter”. These publications also show that the courts have accepted the right of the media to “interfere with” or “enforce brand laws”. The file adds:
The media works as the eyes and ears of the public, informing the public about current affairs. This valuable social work is hindered by court records.
Despite the debtor’s objection to keeping the customer list strictly confidential and the idea that releasing the customer list of the debtor could harm the customer, “respondents of advertising” refers to these arguments are like “ambiguous words” and “n” doesn’t mean it will meet that burden. of testimony’. Bloomberg, the FT, the NYT and the Dow media company insist on “removing the names of wrongful payers”. The case continued:
While removing contact information may make sense in some cases to prevent identity theft and threats, disclosing payers’ names does not expose payers to the risk of fraud. identity theft or risk. Nor does it create an undue risk of illegal infringement.
In addition, the media showed the °C discount case and the court filing. In this case, the bankruptcy court released 14,000 pages of Celsius customer identification and business records. After the court did this to the Celsius workers, it caused public concern. “This Celsius dox is one of the worst privacy breaches in crypto history,” one person wrote at the time. The report also follows the public who have repeatedly criticized the media for activists. From Dorian Nakamoto to Tiktok’s Libs, Media Doxxing has transcended internet culture and become a tool of the industry.
Most recently, Washington Post reporter Taylor Lorenz came under fire in mid-April for apparently bullying the Libs creator of Tiktok. Four years ago, mainstream media like the NYT said that doxxing had become a “core element in the culture war.” The report says that “identifying violent fighters and exposing their personal information has become a bit of an internet game.”
Years later, establishment media were accused of exploiting doxxing tools and using debate tools for press, publicity and awareness. When Newsweek reporter Leah McGrath Goodman published an article in March 2014, the reporter was criticized for commenting on Dorian Nakamoto in California. It was discovered that Dorian was not Satoshi Nakamoto and said that the journalist treated him unfairly.
In regards to the FTX bankruptcy case, Redditors on the r/cryptocurrency forum blasted Bloomberg, the FT, the NYT, and Dow Media for trying to dox clients related to the failed exchange. In the forum discussion, Redditors also pointed out how several publications such as The New York Times featured stories about FTX co-discoverer Sam Bankman-Fried. “I don’t expect anything better from the media. It’s just money for them and 0% truth,” one person wrote. “Unfortunately, many people still trust them.” Another person added:
Advertisers are paid players.
Despite the recent public outcry against Celsius dox, the so-called “media speakers” did not mention this part of the story, although it is clear that the public has not happiness in the decision of the bank. “The removal of the names of the creditors will have a significant impact as the case continues,” the press release notes in the financial court of FTX. “This court has generally allowed creditors in 11 other cases to put confidential information under seal.”