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Financial advisors to bankrupt cryptocurrency exchange FTX published an extensive list of the company’s creditors, excluding the names of its 9.7 million customers. Creditors include companies such as Netflix, Apple, and the Wall Street Journal.
The full list of FTX creditors has finally been revealed after being sealed for three months. The 116-page index, which does not include the names of the 9.7 million subscribers, lists Netflix and Apple as creditors. The list certainly provides a comprehensive picture of how far FTX’s reach has extended. It is important to note that inclusion of a company on the list does not necessarily mean having a trading account with FTX. The documents were filed by FTX’s attorneys as part of its bankruptcy proceedings at the US Bankruptcy Court in Delaware after Judge John Dorsey, who oversaw the proceedings, requested a list of the names of institutions investing in FTX. Judge Dorsey first allowed individual creditor names to be sealed for three months.
The filings show that FTX owes money to universities, media companies, airlines, charities and many others. The list explicitly names the Wall Street Journal, American Airlines Group, and Stanford University, where Sam Bankman-Fried’s parents worked, as entities owed to FTX. Included on the list is Giselle Bundchen Charitable Giving – Bundchen and her ex husband, Tom Brady, famously invested in FTX and even appeared in the company’s Super Bowl commercial.
The filing was also removed to exclude individual creditor amounts, but the company previously disclosed that it owed $3.1 billion to its top 50 creditors. FTX’s bankruptcy and waiver process proved long and arduous. The company appoints John J Ray as its new head to oversee the restructuring. Ray is best known for liquidating and overseeing Enron’s restructuring. In a recent interview with Wall Street JournalMr Ray said despite the difficulties, he was exploring the possibility of restarting FTX.com – FTX’s main international exchange.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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