Media houses appeal to overturn court decision on FTX user names redaction.

A group of major media outlets is appealing a decision by a US bankruptcy court to permanently keep the names of FTX users redacted. The New York Times, Dow Jones & Company, Bloomberg, and the Financial Times argued that the public has a “presumptive right” to inspect bankruptcy filings and that concealing the names effectively denies that right. The court had previously ruled to keep the names of FTX creditors sealed for three months, citing concerns about customer safety, but the media companies are now making a third attempt to have the names disclosed. FTX has sought to recover funds from its founder, Sam Bankman-Fried, who transferred $700 million to investment firms in 2022. The bankrupt exchange is also facing escalating legal and advisory costs, with bankruptcy advisors billing the company $121.8 million in fees and expenses for the period between February 1 and April 30.

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