FTX Bankruptcy Trustees Release Creditor Document

Financial advisers to the FTX cryptocurrency exchange, which filed for bankruptcy yesterday, Jan. 25, unveiled a list of the firm's creditors.

The 115-page report demonstrates the magnitude of the consequences of FTX's demise.

The list that has just been released includes many businesses in the cryptocurrency sector. Along with Coinbase, other companies reportedly impacted by the FTX collapse include Binance Capital Management, Chainalysis, Yuga Labs, and Silvergate Bank.

Companies from other industries, however, were also involved. Another creditor listed is Reddit, a social media website that debuted polygon-based NFTs last year.

Along with technology firms like Apple, Microsoft, Google, Meta, or Twitter, the list also includes a number of media outlets like the Wall Street Journal, the New York Times, or CoinDesk.

Also included in the document are the treasury ministries of many US states. One of the creditors is the Ministry of Finance of the Bahamas.

Because the list lacks details on individual customers or specific dollar amounts, it is unknown how much each creditor had invested. The document also no longer contains the names of several million customers.

The FTX insolvency administrators have thus far been successful in obtaining about five billion US dollars as part of the ongoing proceedings.

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