FTX Releases List of Creditors and Owes Millions to Well-known Institutions and Government Agencies Cryptocurrency
Now-defunct crypto exchange FTX has released its list of creditors, with names unredacted. The full list, which is over 100 pages, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. US government entities, such as the Internal Revenue Service (IRS) and the Treasury’s Financial Crimes Enforcement Network (FinCEN), are also included.
FTX’s list of creditors reveals a wide range of companies that owe money
On January 24, 2023, FTX published the bankrupt company’s register of creditors, which contains over 100 pages of names. The list of creditors includes government agencies from Switzerland, Hong Kong, the United States and Japan. Additionally, the registry includes a myriad of well-known companies including Alibaba, Allied Sports, Microsoft, Amazon, Meta, Twitter, Google, Blue Bottle Coffee, Bonham Capital, Bitstamp, Bitgo, Infura, Inca Digital, Lightspeed Strategic Partners, Long Watch Security, Mercedes-Benz, Messari, Nomura and O’Leary Productions. Bankruptcy documents filed last year show that FTX’s top 50 creditors owe a estimated at $3 billion.
The FTX list of creditors includes US government agencies, such as the IRS, FinCEN, and various state tax collectors from a number of different states. The list features three major airlines, hotels, apartments, nonprofits, and software companies that provide cloud services. However, approximately 9.69 million FTX client names are removed from the creditor registry. The list also highlights a large number of companies from the Bahamas, where FTX’s inner circle operated. Creditors further include banks, Stanford University, Fox News, Coindesk and the Wall Street Journal.
The court record shows sums owed to a large number of creditors, but this does not mean that the entity or individual leveraged the FTX exchange to trade crypto. For example, a spokesperson for Swiss regulator FINMA Told Reuters that he did not understand why he was on the list. FINMA “was not a client of FTX and had not acted on its platforms,” the spokesperson told the outlet. Reuters reporter Noele Illien also contacted Airbnb for comment, but the company did not respond.
What do you think of the list of creditors published by FTX and the extent of debts owed to well-known government institutions and agencies? Share your comments below.
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