The documentorganized alphabetically and well over a hundred pages longshows just how far the impact of FTXs collapse extends, listing tech companies from Apple to WeWork, and several media publications such as the, The unwinding of FTX has thus far proved to be a long and complicated process, with former Enron liquidator John J Ray overseeing the restructuring of the company. Neither FTX nor Bankman-Fried were available for comment when contacted by CNBC on Monday. Court documents reveal extensive creditor list of FTX, and why are we FTX creditors include Goldman Sachs, New York Times and Netflix - CNN The list names explicitly the Wall Street Journal, American Airlines Group, and Stanford University, where the parents of Sam Bankman-Fried work, as entities to which FTX owes money. Sam Bankman-Frieds bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each. Sandali Handagama is a CoinDesk reporter with a focus on crypto regulation and policy. Previously, court documents revealed FTX owed its top 50 creditors $3.1 billion dollars alone, without mentioning specific names. The New York Times, The Wall Street Journal and CoinDesk were among the media outlets mentioned. The recent filings by FTX have revealed that not just unsecured creditors but a pair of customers are also on the list with huge amounts in their names. Creditors and investors have turned out to be the biggest victims of the crisis, with millions stuck in the now-bankrupt network. Moreover, a pair of customers are claiming to have $200 million each in their dues. Earlier filings made in November by FTXs lawyers speculated the exchange may have over a million creditors. articles a month for anyone to read, even non-subscribers! The document was filed by FTX's lawyers as part of its bankruptcy proceedings in the U.S. Bankruptcy Court in Delaware after Judge John Dorsey, who oversees the proceedings, requested a list of the names of institutions that invested in FTX. Revolut Set to Delist ADA, MATIC, and SOL in the US amid Regulatory Ch South Korea Advances Investor Protection with Groundbreaking Crypto Bi SEC Gains Extension to Respond to Coinbase's Legal Defense. All rights reserved. The list is currently anonymous. We respect your privacy & never send spam. FTX Creditor List Reveals Wide Range of Businesses Owed Money On Jan. 24, 2023, FTX published the bankrupt firm's creditor ledger, which contains more than 100 pages of names. (No Underlying Document) Transfer/Assignment of Claim. The document was filed by lawyers for the company as part of the bankruptcy proceedings in the U.S. Bankruptcy Court in Delaware. FTX creditors list includes more than 50 Hong Kong institutions - MSN 2023 CNBC LLC. All of them were listed as. The Committee and the FTX Debtors will announce when the portal is active. 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"As a result, inclusion of a name on the Matrix does not necessarily indicate that the party is a creditor of any of the Debtors," the filing said. Crypto Markets Today: Bitcoin Clings to $23K, FTX's Creditor List Revealed More recently, Ray has said the company is exploring a return to operations, with customers praising FTXs technology and suggesting that a revival of FTX.com would recover more value than liquidating the firms assets. Learn more about Consensus 2024, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Sign up for our new Crypto newsletterand follow@cryptoTwitter for the latest news. Top 7 legal and compliance jobs in the crypto market, Sequoia Capital, Paradigm among VCs facing tricky FTX investor lawsuit, DOJ seeks to narrow Sam Bankman-Frieds bail terms, use only flip phones, Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees. FTX TRADING LTD., et al.,1 Debtors. WATCH: Sam Bankman-Frieds bankrupt crypto empire FTX owes its 50 biggest unsecured creditors more than $3 billion. FTX's creditors' list has been filed to the court after an order from Delaware district Judge John Dorsey who asked to take it out of sealing, and onto the public. It includes investment banks, such as Goldman Sachs and JPMorgan; media companies, such as the New York Times and Wall Street Journal; commercial airliners, including American, United, Southwest, and Spirit; as well as several large tech players, including Netflix, Apple, and Meta. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. FTX filed for Chapter 11 bankruptcy protection earlier this month. FTX Creditors | PDF | Bankruptcy | Companies - Scribd Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. It's the list everyone has been waiting for, minus 9.7 million redacted customer names. FTX Reveals Top 50 Creditors Are Owed $3.1 Billion, Seeks To Keep Their Names Confidential. January 26, 2023 at 06:40 UTC (January 26, 2023) A 115-page long document listed all the creditors of FTX which included big tech players, local businesses in the Bahamas, airlines, charities, and media firms. Creditors include companies like Netflix, Apple, and the Wall Street Journal. Collapsed crypto exchange FTX outlined a "severe liquidity crisis" in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened probes and the . Wednesdays matrix includes numerous companies native to the digital assets industry, such as Coinbase, Binance Capital Management, Chainalysis, Yuga Labs, Doodles, and Silvergate Bank. FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of - CoinDesk Lunos Vice President of Corporate Development & International, Vijay Ayyar, told the media that the market is in a wait-and-see mode to determine if any other entities are in danger of collapsing. The filing didnt include what each entity was owed and inclusion on the list does not mean it had a trading account with FTX and doesn't necessarily mean it's a creditor, FTX later clarified. (UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE), on the acquisition of Voyager Digitals assets. It also included the German car company, Mercedes-Benz, was also included in the list and can be seen on it in multiple entries. 22-11068 (JTD) (Joint Administration Pending) NOTICE OF FILING OF CONSOLIDATED LIST OF TOP 50 CREDITORS . The Kroll documents also contain a list of 102 debtors, including many companies linked to Alameda Research and FTX, who have filed for Chapter 11 bankruptcy protection and requested joint administration of the relevant case.. It is worth noting that not all investors information was revealed in the creditor matrix. Among those listed are media companies including the Wall Street Journal, Fortune, Fox Broadcasting and CoinDesk as well as big crypto firms including exchanges Coinbase (COIN) and Binance. CoinDesk may not be alone. Related Article: Federal Prosecutors Seize Nearly $700 Million FTX Assets Connected to Sam Bankman-Fried. Jan 26, 2023. In a December tell-all Twitter thread, a previous FTX employee detailed the moronically inefficient luxury expenditures of the business. Collapsed crypto exchange FTX owes top 50 creditors $3 billion - CNBC FTX creditor list shows airlines, charities and tech firms caught in ON YOUTUBE. According to the filings, the highest debt to a single creditor amounts to $226 million. Trevor Holman follows crypto industry since 2011. Your weekly wrap of Web3 news and trends. Take a look! What financial advisors need to know about crypto. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Overall, the crypto market has lost a total of $260 billion. The filing has also been redacted to exclude the amount each creditor is owed, but the company previously revealed that it owed $3.1 billion to its top 50 creditors. Looking for more latest crypto news on related topic? Sign up for our free newsletter for the Latest coverage! FTX filed for Chapter 11 bankruptcy protection in Delaware in November. FTX, a now-bankrupt cryptocurrency exchange established in 2019, has shared a complete list of creditors it owes money. Check 20+ newly published expert-made crypto courses. The Top 50 List is based on the Debtors currently available creditor information, including customer information that was able to be viewed but is not otherwise accessible at this time, the document, prepared by bankruptcy lawyers, reads. A mostly-unredacted list of FTX creditors is now available. But the 116-page FTX creditor list, which names companies including Netflix (NFLX) and Apple (AAPL), still paints a comprehensive picture of the failed crypto enterprise's reach and the impact of its collapse. FTX Debtors Receive Court Approval for Customer Bar Date of September 29, 2023. In a recent interview with the Wall Street Journal, Mr. Ray said despite the difficulties, he is exploring the possibility of restarting FTX.com FTX's main international exchange. We want to hear from you. (Animated). She does not own any crypto. The names of nearly 9.7 million (9,693,985) customers who had their funds stuck on the platform were removed from the document. FTX owes its 50 biggest creditors more than US$3.1 billion, including US$1.45 billion to its top 10 creditors, according to a court filing in November. Additional terms may apply to free offers. Receipt Number A11142951, amount $ 26.00. 6 min read FTX Latest - Crypto Prices Fall as Filings Show Top 50 Creditors Are Owed $3.1 Billion, 2 Owed More than $200 Million Each A list of the top 50 creditors of the FTX group of companies has been filed with the bankruptcy court, and the sum total amounts to $3.1 billion. FTX finds over $5 billion in liquid assets, argues customer names The creditor matrix filed on January 25th to the United States . The firm was also engaged as counsel for FTX on the acquisition of Voyager Digitals assets when it declared bankruptcy earlier this year, but has since removed promotional materials from its site advertising a relationship with FTX. His exchange allegedly used customer funds to make risky trades, according to earlier CNBC reporting. Trade Easily: Learn How to Buy BTC with Apple Pay, How Does a Bitcoin ATM Work? Although it's still unclear exactly how much each party was involved with the fallen exchange, the filing would appear to be an initial attempt to compile a list of . Earlier this year, the collapse of so-called stablecoin terraUSD had knock-on effects on a number of companies and contributed to the fall of major hedge fund Three Arrows Capital. FTX, once valued at $32 billion, collapsed in a matter of days after the CEO of Binance, a rival firm, said his exchange would liquidate its FTT tokens. Crypto Day Trading VS Swapping: Whats More Rewarding? FTX Creditor Matrix Filed in Bankruptcy Proceedings The names of nearly 9.7 million (9,693,985) FTX customers with funds stuck on the exchange were however redacted from the document. All Rights Reserved. Read more: FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares. Businesses, Social Previously, court documents revealed FTX owed its top 50 creditors $3.1 billion dollars alone, without mentioning specific names. Kroll Restructuring Administration Index, Data Case No. Payments, More The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. A companys inclusion on the list doesnt necessarily mean that the entity had a trading account with FTX. FTX was unable to meet the withdrawal demands, causing panic on every other crypto platform. The second-biggest unsecured creditor is claiming over $203 million in unpaid debts from FTX. A complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse. A newly released list of FTXs creditors reveals the scope of the bankrupt cryptocurrency companys collapse. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Creditors' names were redacted. In total, the unsecured claims labeled as such as they were not secured by collateral amount to $3.1 billion. 2023 Decrypt Media, Inc. Financial advisors for bankrupt cryptocurrency exchange FTX published an extensive list of the company's creditors, excluding the names of 9.7 million customers. By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. FTXs largest creditors have claims ranging from hundreds of millions to tens of millions of dollars, according to a recently filed court document. Topics, Editors We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. 574 Filed 01/25/23 Page 13 of 116 Consolidated List of Creditors Name Address1 Address2 Address3 Address4 City State PostalCode Country Binance, meanwhile, offered to do the same for FTX in the form of an acquisition, but backed away after due diligence revealed the companys coming collapse. Page 11 of 115 Case 22-11068-JTD Doc In re: FTX Trading Ltd., et al. Disclosure: To ensure our site's review data always stays free & running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost. Lawyers representing FTX and affiliates said in a bankruptcy motion on Monday that as many as one million creditors could be named in the suit. The document shows the names of the companies owed money by FTX, providing an expansive view of entities wrapped up in the exchanges bankruptcy. The identities of these creditors are not named, but collectively they are owed approximately $3.1 billion. Financial advisors for the bankrupt cryptocurrency exchange FTX at last revealed the complete list of the companys institutional creditors in a court filing late Wednesday. Some were heard saying that their interest was either minimal or zero in the operations of FTX. The transformation of value in the digital age. This document shows that of FTX's estimated 1 million creditors, the largest single claim is for $226 million and the second is for $203 million. FTX Creditor List Features Netflix, Binance, Wall Street Journal Sign up for free newsletters and get more CNBC delivered to your inbox. Court documents have previously revealed that FTX owes its top fifty creditors a total of $3.1 billion without disclosing any specific names. Probing the intersection of crypto and government. FTX submits list of creditors revealing $3B in debt - CryptoNewsZ FTX has engaged Sullivan & Cromwell as well as Landis Rath & Cobb as bankruptcy lawyers. Privacy policy: Likewise, Ether fell to $1,120.61, a 7% decrease, and was listed on the market. Head to consensus.coindesk.com to register and buy your pass now. Wednesday's matrix highlights an array of digital asset corporations such . To make matters worse, the former power couple and many other high-profile investors are likely to lose money from FTX's collapse, PYMNTS noted earlier this month, as shareholders in bankrupt companies are last to be repaid, those shares could be worthless. Sam Bankman-Frieds FTX also had several smaller creditors, including a Nassau-based garden center and pest control company. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. A recent filing has now unveiled some notable names among the creditors. The collapse of FTX has damaged crypto markets and the industry's reputation. Now Be a smarter, safer investor in eight weeks. Head to consensus.coindesk.com to register and buy your pass now. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. FTX Creditors Include Apple, Netflix and Coinbase, Court - Decrypt The latest moves in crypto markets, in context. The business owes its unsecured creditors more than $3 billion, according to court documents. At the end of the day, were not going to be able to recover all of the losses here, John J. Ray III, who was appointed FTX CEO following the bankruptcy, said in December. Official Committee of Unsecured Creditors of FTX on Twitter Indeed, there was something suspicious about the situation. In the meantime, the FTX Debtors group and the restructuring committee overseen by Ray have identified $5.5 billion in liquid cash and assets in the FTX estate. WILMINGTON, Del., June 28, 2023 /PRNewswire/ -- FTX Trading Ltd. (d.b.a. FTX's Extensive Creditor List Finally Published - Crypto Daily CoinDesk journalists are not allowed to purchase stock outright in DCG. The over 100-page long document lists every entity FTX owes money to, from Big Tech players to local businesses near its Bahamian headquarters. The creditors and investors are the ones who FTX needs to pay soon, and it all adds up to billions of dollars from the company, which may be a significant sum for them. Get huge savings on the biggest crypto brands with custom discounts & deals. In his free time, he loves to explore unexplored places. Some entities on the list could point to the companys prior excessive expenditures, with Uber Eats and Doordash entities from all over North America and Australia on the list along with Airbnb and the names of multiple luxury hotels around the world. Following the FTX crisis, there is concern that any other platform will declare a liquidity crisis and lock its funds for an indefinite period of time. 2023 TECHTIMES.com All rights reserved. FTX's Creditor Listwas already filed in court, and it mentioned many names in the list that mentioned different celebrities and personalities, as well as renowned companies who were once affiliated with the crypto exchange.

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