The fall of FTX, once a leading cryptocurrency exchange, has left a long list of creditors in its wake. A 115-page document released by the company’s lawyers on January 25th revealed a diverse group of companies and government entities that were owed money by the bankrupt exchange.
The list of creditors includes government agencies at the local, national, and international levels, banks, media outlets, charitable foundations, and marketing agencies. Notably, the names of nearly 9.7 million FTX customers with funds trapped on the platform were redacted from the document.
The Creditor List Reveals The Full Extent Of FTX Collapse
FTX has outstanding debts to a number of prominent companies within the crypto and Web3 industry, including Coinbase, Galaxy Digital, Yuga Labs, Circle, Bittrex, Sky Mavis, Messari, Chainalysis, and Binance-related entities.
The exchange also owes money to several big tech companies like Apple, Netflix, Meta, Google, Amazon, LinkedIn, Microsoft, and Twitter. Furthermore, several news media outlets, such as The New York Times, CoinDesk, and The Wall Street Journal, are also included on the list of FTX’s creditors.
Moreover, various Departments of Revenue across the United States are on the list, ranging from Minnesota in the north to Texas in the south and from Connecticut in the east to California in the west. Additionally, the U.S. Secretary of State for several states, including California, Colorado, Delaware, Arkansas, Alabama, and others, are listed as creditors for the exchange.
The tax offices of multiple U.S. state agencies and the federal IRS were also listed as creditors, as well as government entities in Japan, and Hong Kong, among others. The release of the creditor matrix provides a glimpse into the far-reaching impact of FTX’s collapse on a wide range of companies and organizations.
Furthermore, FTX’s collapse has impacted the luxury and travel industry, with the exchange owing debts to luxury hotel brands such as AC Hotels by Marriott, Grand Hyatt, and Airbnb as a result of its lavish hotel stays. Additionally, FTX also owes money to airlines such as Alaska Air, American Airlines, private jet company Apollo Jets, and British Air.
The company also has debts to food delivery services like Uber Eats and DoorDash. The bankruptcy of FTX has created a ripple effect that has impacted a wide range of industries and organizations.
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