FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies

The now-defunct crypto alternate FTX has revealed its checklist of collectors, with the names unredacted. The complete checklist, which is over 100 pages lengthy, reveals that FTX owes some huge cash to well-known establishments, together with Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and extra. U.S. authorities entities, such because the Internal Revenue Service (IRS) and the Treasury’s Financial Crimes Enforcement Network (FinCEN), are additionally included.

FTX Creditor List Reveals Wide Range of Businesses Owed Money

On Jan. 24, 2023, FTX published the bankrupt agency’s creditor ledger, which accommodates greater than 100 pages of names. The collectors’ checklist consists of authorities companies from Switzerland, Hong Kong, the U.S., and Japan. In addition, the ledger encompasses a myriad of well-known companies, together with 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 paperwork filed final 12 months point out that the highest 50 FTX collectors are owed an estimated $3 billion.

The FTX collectors’ checklist consists of U.S. authorities companies, such because the IRS, FinCEN, and numerous state tax collectors from numerous totally different states. The checklist showcases three main airways, inns, flats, nonprofits, and software program corporations that present cloud providers. However, round 9.69 million FTX buyer names are redacted from the creditor ledger. The checklist additionally highlights an excessive amount of companies stemming from The Bahamas, the place the FTX internal circle operated. Creditors additional embrace banks, Stanford University, Fox News, Coindesk, and the Wall Street Journal.

The courtroom submitting reveals monies owed to numerous collectors, but it surely doesn’t imply the entity or particular person leveraged the FTX alternate to commerce crypto. For occasion, a spokesperson from the Swiss regulatory entity FINMA told Reuters that it didn’t perceive why it was on the checklist. FINMA “was not a client of FTX and had not acted on its platforms,” the spokesperson instructed the information outlet. Reuters reporter Noele Illien additionally reached out to Airbnb for remark, however the firm didn’t reply.

What are your ideas on the creditor checklist launched by FTX and the extent of the money owed owed to well-known establishments and authorities companies? Share your feedback under.