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The fall of FTX, once the leading cryptocurrency exchange, has left behind a long list of creditors. The 115-page document issued by the company’s lawyers on January 25 reveals various groups of companies and government entities owed money by the bankrupt exchange.
The list of creditors includes government agencies at local, national and international levels, banks, media, charitable foundations and marketing agencies. Notably, the names of nearly 9.7 million FTX customers with funds trapped on the platform were removed from the document.
List of Creditors Reveals Complete FTX Crash
FTX has debts to a number of leading companies in the crypto industry and Web3, including Coinbase, Galaxy Digital, Yuga Labs, Circle, Bittrex, Sky Mavis, Messari, Chainalysis, and Binance-related entities.
The exchange also owes money to several big tech companies such as Apple, Netflix, Meta, Google, Amazon, LinkedIn, Microsoft, and Twitter. In addition, several news media such as The New York Times, CoinDesk, and The Wall Street Journal are also on the list of FTX creditors.
In addition, various Departments of Revenue across the United States are on the list, from Minnesota in the north to Texas in the south and from Connecticut in the east to California in the west. Additionally, the US Secretary of State for several states, including California, Colorado, Delaware, Arkansas, Alabama, and others, are listed as creditors to the exchange.
The tax offices of several US state agencies and the federal IRS are also listed as creditors, as well as government entities in Japan and Hong Kong. The release of the creditors matrix provides a glimpse into the long-term impact of the FTX collapse on various companies and organizations.
Additionally, the FTX collapse has impacted the luxury and travel industry, with debt swaps to luxury hotel brands such as AC Hotels by Marriott, Grand Hyatt, and Airbnb as a result of luxury hotel stays. In addition, FTX owes money to airlines such as Alaska Air, American Airlines, private jet company Apollo Jets, and British Air.
The company also has debts to food delivery services such as Uber Eats and DoorDash. FTX’s bankruptcy has created a ripple effect that has impacted a wide variety of industries and organizations.
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