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Former US official Sheridan suggests keeping FTX customer’s info private

Former US official Sheridan suggests keeping FTX customer's info private 17

Jeremy Sheridan jumped in support of the privacy of the former FTX customers, to keep any possible scam away. 

FTX was a popular crypto trade platform and its headquarters was situated in the Bahamas. In Nov 2022, this exchange collapsed badly. On 19 Nov 2022, the FTX team filed for bankruptcy in a US court along with its American subsidiary FTXUS and also FTX-affiliated crypto hedge company Alameda Research. 

On 20 April 2023,  Jeremy Sheridan, former assistant director of the United States Secret Service Office of Investigations, filed a declaration with the U.S. Bankruptcy Court for the District of Delaware.

Through the declaration, Jeremy supported a motion that was submitted by the FTX debtors to maintain the privacy of the FTX customers’ information. 

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According to Jeremy, if the FTX customers’ details will be available in the public domain then they can be misused by bad actors, and in that situation, FTX’s customers may face the unusual risks of identity theft, asset theft, personal attack, and further online victimization.

Jeremy also explained that if any online bad actor will collect data on FTX customers then that bad actor may conduct a targeted phishing campaign to hack crypto wallets. 

FTX revive plan 

Over the last couple of months, many experts noted that it will not be a fair decision for the FTX exchange to restart the FTX crypto trade services citing a lack of trust issues. 

On 12 April, Lawyers with Sullivan & Cromwell representing FTX said the current FTX leadership team recovered around $7.3 billion in funds and are also considering reopening the services of this exchange by next year. 

Read also: Gemini will launch a derivative platform but not in the US

Former US official Sheridan suggests keeping FTX customer’s info private



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