FTX Creditor Records Airlines, Charities, and Tech Companies Indulged in Bankruptcy

• An entire list of creditors who have taken money from the collapsed exchange platform FTX has been issued; disclosing a multitude of firms and government bodies indulged in its bankruptcy. 

On January 25, lawyers for FTX filed a case in the United States Bankruptcy Court for the District of Delaware. A significant 115-page document includes the name of its creditors, arranged in alphabetical order. 

The list discloses the lounging global network of firms from airlines, hotels, charities, banks, venture capital companies, media channels, and crypto firms as well as U.S. and international government agencies all have taken money from the collapsed company. 

The firms, media outlets, and the creditors

The names of about 9.7 million FTX clients with funds frozen on the platform were deleted from the details. Remarkable crypto and Web3-associated firms have taken money from FTX which also adds Coinbase, Galaxy Digital, Sky Mavis, and many more. 

Big Tech companies such as Apple, Netflix, Amazon, Meta, Google, Linkedin, Microsoft, and Twitter were also added as creditors. The media channels which were included were The New York Times, Wall Street Journal, and CoinDesk. 

The tax offices of various U.S. state agencies and the federal Internal Revenue Services were registered. Other government bodies in Japan, Australia, and Hong Kong were also creditors. 

FTX does not just owe massive bodies but apparently smaller businesses also, as a Nassau-related pest control business and a garden center come on the record as well. 

The ex-public relations firm of the exchange, M Group, came as a creditor. FTX boarded the company to portray them, but the firm said it stopped working with FTX because of its collapse. 

The case did not indulge what each body was owed and incorporation on the list does not say that it had a trading account with the collapsed company. 

Prior fillings done in November by the lawyers of FTX theorized the exchange have have more than one million creditors. 

During the time of December tell-all Twitter thread, a prior FTX staff informed us about the “moronically inefficient” luxury outlay of the business. 

A few bodies on the record highlight the firms’ earlier outlays, with Uber Eats and Doordash, bodied from everywhere in North America as well as Australia on the record also with Airbnb and the names of various luxury hotels around the globe. 

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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