On the 26th of January, in a court filing, financial advisors for FTX, which was once the biggest cryptocurrency exchange in the world and now is nothing, revealed the complete list of FTX’s institutional creditors. The document shows the names of the institutional companies owed money by FTX. This latest creditors’ list provided a large view of companies wrapped up in the crypto exchange’s bankruptcy.
The document is around hundred pages long but organized alphabetically and well over. The document also listed different tech companies, including Apple, WeWork, and several media publications, such as CoinDesk and the Wall Street Journal. However, the document does not include specific owed amounts by the FTX and not specifies information involving individual customers. The document also excluded more than 9.6 million individual customers. According to the document, the company’s inclusion on the list doesn’t mean that it had a trading account with FTX.
Since the collapse of and bankruptcy filings of FTX on the 11th of November 2022, several FTX creditors have been appearing. And the collapse of the once biggest crypto exchange forced FTX to admit that customer assets were not fully backed. After FTX’s collapse, Sam Bankman-Fried, the founder & ex-CEO of FTX, has since been arrested and charged with eight financial crimes. Currently, John J Ray, the newly appointed CEO of FTX, is overseeing the restructuring of the company. On the 20th of January, in the Delaware court of bankruptcy, Judge John Dorsey approved the creditor list filing, and the case is still going.
However, earlier in this case, the lawyers of FTX estimated that the bankrupt crypto exchange could have more than one million creditors. Before these new documents, some previous court documents revealed that FTX owed its top 50 creditors $3.1 billion, and the document doesn’t mention the creditors’ names. But in today’s document, there are several banks included, such as CitiGroup and Wells Fargo. Blackrock and Sequoia Capital are also among the companies that invested in the bankrupt exchange. Pharmacy CVS, Netflix, and Comcast are some corporate creditors of FTX.
