There Are Big Corporations And Governments Too! – Cryptokoin.com

Cryptocurrency exchange FTX, which went bankrupt in the past months, seems to be in debt to many companies. Financial advisers of bankrupt cryptocurrency exchange FTX have finally revealed the full list of the company’s corporate creditors in a court filing late Wednesday. The document shows the names of companies that FTX owes and provides a broad view of the assets that resulted in the exchange’s bankruptcy. The presence of companies such as Apple and Coinbase drew attention in the 100-page document at the bankruptcy hearing of FTX. Here are the details…

Creditors of FTX exchange appeared

FTX submitted a massive 115-page payee matrix to the U.S. Bankruptcy Court for the District of Delaware on Wednesday. The list details the names of their creditors to U.S. and international government agencies, including airlines, hotels, charities, banks, venture capital firms, media outlets, and crypto companies. Big tech giants Apple, Netflix, Amazon, Meta, Alphabet company behind Google, Microsot and Twitter; listed as creditors.

Governments around the world, such as Japan, Australia, and Hong Kong, as well as the IRS and numerous government agencies were listed as creditors. Web3 companies such as Coinbase, Galaxy Digital, Yuga Labs, Circle, Bittrex, Sky Mavis, Chainalysis, Messari, and Binance-owned organizations are also on the list. Other than that, the New York Times, The Wall Street Journal and CoinDesk are on the list. In November, lawyers suing on behalf of crypto exchange FTX suggested it may have more than a million creditors.

Meanwhile, cryptocoin.com As we reported, FTX’s new CEO, John Ray III, said in an interview with The Wall Street Journal that a task force has been formed to explore reviving the company’s main international exchange, FTX.com. The prospect of a revival has led to a rally in the price of Bitcoin and other assets.

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Debt amounts not determined

The creditors list does not give an amount of how much each business owes. Also, inclusion of a company on the list does not mean that the organization has a trading account with FTX. The list of creditors was approved last Friday by Judge John Dorsey in Delaware, where high-profile bankruptcy proceedings are pending. Previously, court documents showed that FTX owed just $3.1 billion to its 50 largest creditors without specific names. Private documents made it clear that each of FTX’s top ten creditors had more than $100 million in unsecured receivables.

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