Social Media Criticized in FTX Bankruptcy Case

• James Bromley, an attorney defending debtors in the FTX bankruptcy case, has criticized social media for spreading information from FTX’s former chief executive officer, Sam Bankman-Fried.
• Bromley stated that if the judge were to grant an extension based on these claims, the debtors would be subject to “further assaults on Twitter” and similar issues.
• Bromley accused SBF and Friedberg of using social media to hurt creditors that submitted information to law enforcement.

James Bromley, an attorney representing the debtors in the FTX bankruptcy case, has expressed his concern with the impact of social media on the court proceedings. During a hearing on January 20th, 2023, Bromley spoke out against the use of Twitter, claiming that it had been used as a tool to spread information from FTX’s former chief executive officer, Sam Bankman-Fried. Furthermore, Bromley mentioned that the debtors had already been subject to “further assaults on Twitter”, and that if the judge were to grant an extension based on the claims of Bankman-Fried, the debtors would be further subjected to such online attacks.

Bromley also accused Bankman-Fried and his associates of using social media channels to hurt creditors that had submitted information to law enforcement. He argued that it was extremely difficult to cross-examine a tweet, especially one that was being published by someone who was the subject of a criminal prosecution.

The issue of social media’s influence on court proceedings has been a contentious one, with many arguing that the use of such platforms can be used to spread misinformation and distort the truth. Bromley’s comments on the matter show that this is an issue that needs to be taken seriously, as it can have a detrimental effect on the outcome of a case. It remains to be seen how the court will handle this situation, but it is clear that the use of social media must be carefully monitored in order to ensure that justice is served.

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