New Court Filings Reveal FTX Owes Money to Apple, Binance, and More
- The list contains media companies, universities, airlines, and charities.
- The document does not contain the due amount to each creditor.
According to court documents, the bankrupt crypto exchange FTX owes money to several companies, including Apple, Binance, Coinbase, Netflix, and more. At a hearing in early January, Judge John Dorsey, who is dealing with the case, ordered the identities of specific creditors to stay hidden for three months, but he urged FTX lawyers to file a list of the institutions that made investments in the company.
Certain sources indicate that media companies such as Fox Broadcasting, Fox Sports, The Wall Street Journal, Fortune, Medium, and CoinDesk are among the notable companies that FTX owes money to. Other notable companies owed money by FTX include, IT management company Cloudflare, crypto hedge fund Galaxy Digital, and various universities, airlines, countries, US states, and US regulatory agencies.
FTX Owes $3.1 Billion
The document does not contain the due amount to each creditor, although the firm publicly confirmed that it owes its top 50 creditors a total of nearly $3.1 billion. Last week, the new CEO of FTX, John J. Ray III, recommended that the firm should reboot rather than liquidate all of its assets to solve its insolvency. In an interview, Ray mentioned that one choice under discussion would be a relaunch as he attempts to pay back FTX’s customers and creditors.
Concerning the alleged misuse of billions of dollars in customer funds before the collapse of Sam Bankman- Fried’s cryptocurrency empire in November, he has been accused on eight criminal counts, including conspiracy and wire fraud.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
