The list of creditors of the failed cryptocurrency exchange FTX has been released, revealing that countless companies and government agencies are involved in its failure.
At midnight on January 25, FTX’s attorneys filed a list of creditors with the Delaware Bankruptcy Court. The huge 115-page document lists the names of creditors in alphabetical order.
The list includes names of airlines, hotels, charities, banks, venture capitalists, news organizations, cryptocurrency companies, government agencies in the United States and other countries, all of whom have claims on the failed exchange FTX. One thing is revealed.
However, the names of the approximately 9.7 million (9,693,985 to be exact) customers whose funds are locked in FTX have been removed from the document.
Prominent cryptocurrency and Web3 affiliates with some claim to FTX include affiliates of Coinbase, Galaxy Digital, Yuga Lab, Circle, Bittrex, Skymavis, Chainalysis, Messari and Binance.
Among major tech companies, Apple, Netflix, Amazon, Neta, Google,LinkedIn, Microsoft and Twitter were also on the creditor list. Media such as The New York Times, The Wall Street Journal, and CoinDesk are also on the list.
Several US state-level tax authorities and the Federal Internal Revenue Service (IRS) are listed. Other government agencies such as Japan’s Financial Services Agency, Australia and Hong Kong are also on the list of creditors.
FTX appears to be indebted not only to large corporations, but also to local small businesses, such as pest control companies and gardening companies in the Bahamas.
Another name is M Group, the company’s predecessor public relations firm. FTX had hired the company as its agent, but the company said it stopped working with FTX following its bankruptcy.
Also, being on this list does not mean that you had a trading account with FTX.
An earlier filing by FTX’s lawyers in November 2022 speculated that the exchange may have more than 1 million creditors.
In December 2022, a revealing Twitter tweet posted by a former FTX employee detailed how the business was spending money “ridiculously inefficiently.”
Some of the creditor lists released this time also hint at FTX’s past spending inefficiencies. Airbnb and multiple luxury hotel names around the world are on the list, along with Uber Eats and Doordash names across North America and Australia.
