FTX’s Huge Creditor List Includes Some of SBF’s Close Partners
As its bankruptcy unfolds, the public is getting more and more information about FTX’s reach in the crypto space and beyond. On Wednesday, the bankrupt crypto exchange released a 115-page document listing its largest creditors. However, the list does not include the names of the nearly 9.7 million FTX customers that lost their funds in the exchange. FTX creditors include well-known entities, including crypto companies, government entities, countries, media, venture capital firms, charities, and more. The 115-page document also includes entities linked to well-known crypto investors. In particular, FTX owes money to Michael Novogratz’s Galaxy Digital. Novogratz came down hard on former FTX CEO Sam Bankman-Fried, calling him delusional. Moreover, some entities have links to influencer investors and FTX partners. These include investors that worked closely with Sam Bankman-Fried in his efforts to gain influence and sway regulators. Kevin O’Leary, FTX’s former paid spokesperson, is also on the list. The FTX filing lists Kevin O’Leary Productions and O’Leary Productions Inc as creditors. O’Leary is much more sympathetic toward his former business partner Sam Bankman-Fried (SBF). Weeks after the FTX collapse, he even suggested that he would still invest in SBF’s future ventures. Other well-known creditors are Anthony Scaramucci’s SkyBridge Capital and The Salt Fund. FTX owns a 30% share of SkyBridge, after partnering with Scaramucci in 2021. FTX partnered with Scaramucci’s SALT forum to organize the Crypto Bahamas event in 2022. However, unlike O’Leary, Scaramucci saw SBF’s failure as a personal betrayal. He also called SBF the Bernie Madoff of Crypto. Other well-known entities are also on the list, highlighting the extent of FTX’s ties to the industry. Notable crypto companies on the list include Binance Binance Capital Management, crypto exchange Coinbase and its partner, and USDC issuer Circle. NFT giant Yuga Labs is also on the list, as is blockchain analytics firm Chainalysis and auditor Messari. The list includes Big Tech, including Apple, Netflix, Amazon, Meta, Google, LinkedIn, Microsoft, and Twitter. Media companies, including The New York Times, The Wall Street Journal, and CoinDesk, are also present. Filings did not include how much FTX owed to any entity. All entities on the list did not have accounts with FTX; they just did business with the company. Documents from the FTX bankruptcy show just how influential Sam Bankman-Fried was before FTX’s bankruptcy.
Celebrity Investors with Ties to FTX
Venture Capital, Media, Big Tech…
On the Flipside
Why You Should Care
Read more: https://dailycoin.com/ftxs-creditor-list-includes-some-of-sbfs-partners/
Text source: DailyCoin.com
