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The bankrupt crypto exchange’s attorneys revealed a long list of creditors, including media outlets, airlines, academic institutions, and charities.
It’s the list everyone has been waiting for, yet 9.7 million customer identities have been redacted. However, the 116-page FTX creditor list, which includes names of businesses like Netflix and Apple, still presents a thorough picture of the scope of the now-bankrupt crypto firm and the effects of its demise.
According to a court document filed on Wednesday, FTX owes money to organisations like media businesses, universities, airlines, and charities. Attorneys submitted the document on behalf of the business as part of the bankruptcy proceedings in a US court in Delaware.
During a hearing in early January, Judge John Dorsey, who is presiding over the case, let the identities of specific creditors to stay hidden for around three months. Still, he asked FTX lawyers to submit a list of institutions that had invested in the company.
The Wall Street Journal, Fortune, Fox Broadcasting, and CoinDesk are just a few of the media companies featured together with well-known cryptocurrency names like Coinbase and Binance. The document also included information about American, Spirit, and Southwest airlines as well as Stanford University and its credit union, where FTX founder Sam Bankman-parents Fried’s are professors.
Gisele Bundchen Charitable Giving is also listed on the list of creditors. The Brazilian supermodel and her ex-husband Tom Brady were well-known investors in the business; they even appeared in its Super Bowl commercial.
The document does not show the amount each is owed, but the company had previously revealed it owed approximately $3.1 billion to its top 50 creditors. Of FTX’s previously estimated 1 million creditors, the two largest single claims were for $226 million and $203 million.
Bankman-Fried has pleaded not-guilty to fraud charges levied against him by U.S. regulators in New York. The collapse of FTX has damaged crypto markets and the industry’s reputation, as regulators are now clamoring to set up more guardrails to protect against investor harm and the risk of contagion.
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