FTX Crisis Deepens: Creditors List Surprised!

Crypto giant FTX, which collapsed in November, left a huge wreck behind. Recently leaked bankruptcy records have revealed other giant companies that the company owes. Documents submitted by consultants feature leading global companies. Wells Fargo & Co., JPMorgan Chase & Co. and Goldman Sachs Group Inc. There are many different sectors on the list.

FTX’s creditors were detailed in the documents submitted Wednesday. Personal names are hidden in the 116-page document. However Sam Bankman-FriedIt is estimated that ‘s and his company received great support from Wall Street. This support was quickly reciprocated and enabled Binance to approach its rival position.

Commercial airlines such as American Airlines, United Airlines, Southwest Airlines and Spirit Airlines on the list of creditors; media businesses such as the New York Times and the Wall Street Journal, and Netflix, apple and a few large companies in the tech sector, such as Metaverse-focused Meta. In addition, Deutsche Bank AG, HSBC Bank and MUFG Bank are also on the list.

Concerns Raise in FTX Collapse

The total amount of debt is not included in the said documents. The main reason for this was the anonymity of individual creditors. Although the parties are on the list of creditors, this does not always mean that they have an FTX account.

In a statement submitted to the bankruptcy court on Thursday, FTX lawyers said the list is designed to be extremely comprehensive for service purposes and includes parties that may appear in debtors’ books and records for a variety of reasons. According to a spokesperson from Deutsche Bank, the company does not have any credit risk to FTX, as a Goldman Sachs representative said in a statement.

“Goldman Sachs has not filed any claims against the debtors. Such a creditor matrix is ​​prepared by debtors to provide notification to interested parties in a bankruptcy proceeding and is not necessarily evidence of a creditor relationship.”

Claims are circulating that FTX has more than one million creditors and that the 50 largest creditors have a combined total of more than $3 billion.

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