During the ongoing court trial, the FTX was ordered to store the remaining info about its users and creditors and keep it clandestine. The new order was released less than a week ago.
The storage of personal info
The company’s data will no longer be available to general public, but will instead be stored privately on secured servers. No one, except the judges and the investigating experts will have access to the investors’ and users’ info. All, that is currently open to the public view, will be shut down.
At the same time, the US higher governmental authorities are currently stating absolute clarity about the work of the infamous service and its investors. The initial release of client info and other data about the company management was aimed to help the investigation and clarify the issue.
But on the other hand, there was a lot of protesting against such measures, as it might hurt people in the first place. Personal info can get in the wrong hands and might be used by criminals.
Also read:So, the future disclosure of personal info will be banned from public sources. It is prohibited to use personal data and show it to the wide public without the consent of its possessors.
The lawyer’s reaction
The new group of lawyers also joined the trial to protect user data and their rights for security. The safety of each investor should be protected by the services and laws. The desire to show unprotected info about the FTX clients will definitely hurt the latter in the first place.
In addition, their rights for privacy will be violated – that might destroy the core goals and values of the crypto-industry in general.
Such action will definitely affect the public view of crypto and might destroy the trust in the industry and traders.
The Daleware judge announced that the order was aimed to safeguard the stakeholders and crypto traders in the first place.
In addition, there were several examples shared on the well-known hacking attacks and how the theft of personal info affected the life of investors and users.
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