Netflix, Binance, the Wall Road Journal, and submitting reveals are all owed cash by FTX

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Attorneys for the bancrupt cryptocurrency alternate launched a prolonged checklist of collectors, which incorporates publishing homes, airways, educational establishments, and nonprofit organizations.

It’s the checklist that everybody has been ready for, but 9.7 million buyer identities have been redacted. The 116-page FTX creditor checklist, which incorporates names like Netflix (NFLX) and Apple (AAPL), nonetheless supplies an intensive image of the scope of the now-bankrupt crypto agency and the consequences of its demise.

Attorneys for the bancrupt cryptocurrency alternate launched a prolonged checklist of collectors

A courtroom doc dated final Wednesday reveals that FTX owes cash to plenty of organizations, together with media firms, schools, airways, and charities. Attorneys for the enterprise filed the paperwork as a part of the chapter proceedings on the Delaware chapter courtroom.

At a listening to in early January, Choose John Dorsey, who’s presiding over the proceedings, let the identities of particular collectors to remain hidden for 3 months, however he requested FTX attorneys to file an inventory of the establishments that made investments within the firm.

Media organizations together with the Wall Road Journal, Fortune, Fox Broadcasting, and CoinDesk are amongst these named, along with vital cryptocurrency companies just like the exchanges Coinbase (COIN) and Binance. In relation to a podcast sponsorship settlement made within the fall that was by no means carried out, a spokeswoman for CoinDesk mentioned the corporate is on the checklist regardless of not owing it something significant.

The doc additionally included details about American Airways Group (AAL), Spirit Airways (SAVE), and Southwest Airways (LUV), in addition to Stanford College, the place FTX founder Sam Bankman-parents Fried’s are professors, and the credit score union on the college.

Gisele Bundchen Charitable Giving can be included as a creditor on the checklist. The famously concerned couple, a Brazilian supermodel and her then-husband Tom Brady, even made an look within the Tremendous Bowl business for the enterprise.

The quantity as a consequence of every creditor is just not specified within the paper, however the enterprise beforehand disclosed that it owes its high 50 collectors a complete of almost $3.1 billion. The 2 largest single claims in opposition to FTX’s beforehand anticipated 1 million collectors had been for $226 million and $203 million.

U.S. regulators in New York have accused Bankman-Fried of fraud; he has entered a not responsible plea. Regulators are actually demanding to place up extra safeguards to guard in opposition to investor hurt and the potential of contagion, which has damage the crypto markets and the repute of the trade because of the collapse of FTX. In November, FTX filed for Chapter 11 chapter in Delaware.

Sizzling off the FTX Presses:

Discover redacted 115-page FTX Creditor Checklist (33% US primarily based; 9,693,985 Buyer Names redacted) at:https://t.co/5RQougthxk

Discover 106 FTX-related Bankruptcies Checklist at:https://t.co/GcrO4K500u

FTX claims to owe $3B to the highest 50 of its estimated 1M collectors. pic.twitter.com/a0kFlXhSNy

— John Reed Stark (@JohnReedStark) January 26, 2023