Crypto News

FTX’s Huge Creditor List Includes Some of SBF’s Close Partners

FTX’s Huge Creditor List Includes Some of SBF’s Close Partners
© Copyright Image: DailyCoin.com

  • FTX released a 115-page document listing all its creditors. 
  • These include well-known FTX partners such as Kevin O’Leary and Anthony Scaramucci. 
  • Big Tech firms, media companies, and venture funds are also on the list.

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.

Celebrity Investors with Ties to FTX

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. 

Venture Capital, Media, Big Tech… 

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. 

On the Flipside

  • The list does not include smaller creditors, which could be as many as ten million.
  • The filing did not reveal how much FTX owed its largest creditors. 

Why You Should Care

Documents from the FTX bankruptcy show just how influential Sam Bankman-Fried was before FTX’s bankruptcy. 

Read more: https://dailycoin.com/ftxs-creditor-list-includes-some-of-sbfs-partners/

Text source: DailyCoin.com

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories