Following the cryptocurrency exchange's November 2022 bankruptcy, FTX's creditors were revealed.
FTX has requested that specific creditors, many of whom were FTX clients, remain anonymous, thus the article does not publish the amount owed or the sort of debt.
Revealed in new bankruptcy details following the collapse of the cryptocurrency exchange in November 2022.
Thousands of creditors to whom FTX owes money were exposed in recent bankruptcy filings that were released after the collapse of the once-dominant cryptocurrency exchange in November. The advisors of FTX claim in documents filed with the bankruptcy court that the collapsed cryptocurrency company owes money to a staggering array of companies, including Wells Fargo & Co., JPMorgan Chase & Co., and Goldman Sachs Group Inc.
A 116-page document detailing FTX's creditors was presented on Wednesday, but the names of the people are kept anonymous. There are thousands of entries in the dossier. However, the complete list refers to influential people from across Wall Street as having some connection to Sam Bankman-Fried's cryptocurrency exchange, which at one point even competed with Binance.
Commercial airlines like American Airlines, United Airlines, Southwest Airlines, and Spirit Airlines, media companies like the New York Times and Wall Street Journal, and a number of significant players in the technology sector like Netflix, Apple, and Meta, a Metaverse-focused company, are also included on the list of creditors. The list also includes HSBC Bank, MUFG Bank, and Deutsche Bank AG.
The actual amount owing or the type of debt are not disclosed in the paper because FTX has asked that the identities of specific creditors, many of whom were FTX customers, remain private. The mere fact that the parties are listed as creditors does not necessarily mean that they had an FTX account.
The list is intended to be very thorough for the purposes of service and it includes persons that may appear in the debtors' books and records for a number of reasons, according to FTX's attorneys in a statement that was presented to the bankruptcy court on Thursday. While a spokeswoman from Goldman Sachs was quoted as indicating that Goldman Sachs has not filed a claim against the debtors, a spokesman from Deutsche Bank stated that the company has no credit exposure to FTX. This kind of creditor matrix is created by the debtors to inform parties interested in a bankruptcy procedure and is not always proof of a creditor connection.
According to estimates, FTX has more than a million creditors, with the top 50 owing a combined sum of more than $3 billion.
