February 6, 2023

On Jan. 25, FTX finally released its full list of creditors, but withheld the names of nearly 9.6 million users according to a court order.

The defunct crypto exchange owes millions to creditors including U.S. and international government agencies, law firms, banks, media, charitable foundations, marketing agencies, and more.

The Creditor Matrix brings to light the implications of FTX’s collapse – which has spread far beyond the crypto ecosystem. Global finance and technology companies including Ant Group, Google, Amazon, Meta, Netflix, LinkedIn and Apple appear on the list of FTX creditors.

Media companies such as Bloomberg Finance, The Wall Street Journal, Coindesk, Benzinga and Condé Nast are among FTX’s creditors. However, the documents do not indicate the amount owed to each creditor.

Notable crypto companies

The collapse of FTX dealt a major blow to the crypto ecosystem and companies scramble to mitigate the impact. Notable crypto-related companies on FTX’s list of creditors include Coinbase, USDC issuer Circle, Galaxy Digital, and Binance Capital Management. The bankrupt firm also owes money to crypto exchange AAX, Bitgo Prime and Polygon Network.

Notably, FTX owes money to several crypto firms that filed for bankruptcy before and after their collapse. These include BlockFi and Genesis Global — which filed for bankruptcy in November 2022 — and Voyager Digital, which filed for bankruptcy four months before FTX collapsed.

FTX’s creditors also include crypto research and investigation firms Chainalysis, TRM Labs, and Nansen.

US and International Government Agencies

In the US, FTX owes money to tax authorities from Minnesota north to Texas south and from Connecticut east to California west. The US Secretary of State from California, Colorado, Delaware, Arkansas, Alabama and others also appear on the FTX creditor list.

The Alabama Securities Commission, the Connecticut Department of Banking, the Arizona Department of Insurance and Financial Institutions, and the Arkansas Securities Department are among the other US government agencies to which FTX owes money. The Chicago Mercantile Exchange and the US Commodity Futures Trading Commission (CFTC) are also creditors of FTX, according to the filing.

The Bahamas Treasury, the Australian Attorney General, the Cyprus Securities and Exchange Commission, the Abu Dhabi Treasury and the Virgin Islands Government are among the international government agencies among FTX creditors. The list also includes the Japan Financial Services Agency, the Hong Kong Monetary Authority, the Securities and Futures Commission, Turkey’s Banking Regulation and Supervision Agency, and the Gibraltar Financial Services Commission.

Well-known banks and investment companies

FTX owes money to banks inside and outside the US. Notable names include Citi Group, Silvergate, Goldman Sachs, JP Morgan Chase, DBS Bank, Bank of Cyprus and Commercial Bank of Dubai.

BlackRock, Sequoia Capital, and Pantera Capital are some of the investment firms listed among FTX creditors.

Hotels, airlines and food delivery services

FTX invested in luxury hotels and some of these hotels appeared on its list of creditors. AC Hotels by Marriott, Grand Hyatt and Airbnb are among FTX’s creditors.

Alaska Air, American Airlines, private jet company Apollo Jets and British Air are included in the list of FTX creditors.

Uber Eats and DoorDash are meal delivery services that FTX owes money to.

Posted in: Binance, Coinbase, FTX, Australia, Gibraltar, Hong Kong, Japan, USA, Bankruptcy, Featured, Legal

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