FTX creditors list includes Amazon, Apple and other tech giants
On Jan. 25th, FTX lawyers revealed a creditor matrix listing airlines, numerous tech firms, government entities, and charities caught up in its collapse, excluding the other 9.6 million affected customers.
FTX reveals troubled linked companies
A 115-page document was presented to the US Bankruptcy Court in Delaware yesterday, showing a list of affected FTX customers. Among them were charities, hotels, venture capital firms, media outlets, banks, and cryptocurrency organizations. Some international and US government agencies were among the names on the list of FTX creditors.
Big tech companies such as Amazon, Netflix, Apple, Microsoft, Twitter, and Meta were mentioned. Media outlets, including The Wall Street Journal, Coindesk, and The New York Times, were also listed.
The crypto companies affected included Web3-related startups such as Chainalysis, Binance, Galaxy Digital, Bittrex, Coinbase, and Yuga Labs.
US tax offices and the IRS were on the list of government entities mentioned. Even celebrities like Gisele Bundchen and Tom Brady were the affected individuals in the fraud case.
Over 9.6 million FTX customers were affected by the exchange’s collapse, but this wasn’t included in the document presented by the FTX lawyers. Moreover, the list doesn’t mention the amounts owed to the tech firms and agencies listed as FTX creditors. However, the document does not imply the companies had an active trading account with the fallen FTX firm.
FTX collapse
Since FTX’s collapse in November last year, the exchange was forced to reveal a liquidity crunch to its customers, explaining that their assets weren’t backed up. The company filed for bankruptcy after unsuccessfully trying to sell FTT tokens to Binance. The former CEO, Sam Bankman-Fried, was arrested under eight accounts of financial crimes.
The fraud event spread misfortunes to a lot of individuals. Previous documents presented in court revealed that FTX owed $3.1 billion to its top 50 creditors. Of that list, the defunct crypto exchange owed the top 10 over $100 million each.
