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- A court filing by FTX’s lawyers revealed hundreds of creditors that are owed by the bankrupt crypto exchange.
- The creditors include celebrities, federal agencies, and crypto firms like Binance and Coinbase.
- The names of the exchange’s retail customers have been redacted.
- FTX previously estimated that it owes more than $3 billion to its top 50 creditors.
Lawyers of FTX recently filed a creditor matrix in the U.S. Bankruptcy Court for the District of Delaware. The filing contains the highly anticipated list of creditors that are owed money by the bankrupt crypto exchange. The 116-page long document revealed the names of celebrities, airlines, federal agencies, and fellow crypto firms, all creditors of Sam Bankman-Fried’s bankrupt crypto exchange.
FTX owes money to Coinbase, Yuga Labs, Microsoft, etc.
The list was put together by Alvarez & Marsal North America, the financial advisory firm hired by FTX. The creditor list shows the lavish lifestyle that Sam Bankman-Fried and his firm’s management engaged in. Not only does it prove the reckless spending of the firm’s management, but it also provides an insight into the severity and the reach of the impact of the crypto exchange’s collapse.
Firms from various sectors including hospitality, airlines, IT, entertainment, and news can be found on the list. This includes luxury resorts like Hyatt, tech giants like Google and Apple, sports companies like the Miami Heat and Mercedes AMG F1, and fellow crypto firms like Coinbase, Huobi, and Binance among others. Funnily enough, names like DoorDash and UberEats on the creditor list point to the exchange’s unpaid food bills.
The list also contains the names of regulatory agencies from around the world including Japan’s Financial Services Agency, Canada’s Ontario Securities Commission, and the U.S Securities and Exchange Commission. Within the U.S., FTX owes money to more than a dozen federal agencies spread across the country. Kevin O’Leary, Tom Brady, and Naomi Osaka are some of the celebrities that are owed by the exchange. The creditors also include Open AI, a popular artificial intelligence startup that was in the news recently following a partnership with Microsoft, another one of FTX’s creditors.
Source : Ethereum World News
