thenewscrypto.com
- FTX Owes Money to Apple, Binance, Netflix, and more.
- 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 Fox Broadcasting, Fox Sports, The Wall Street Journal, Fortune, Medium.com, and CoinDesk are among the notable companies that FTX owes money. There are also notable companies that FTX owes money to Cloudflare, an IT management company; Galaxy Digital, a cryptocurrency hedge fund; and numerous universities, airlines, nations, US states, and US regulatory agencies.
FTX Owed $3.1 Billion to Its Top 50 Creditors
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 spectacular collapse of Bankman- Fried’s cryptocurrency empire in November, he has been accused on eight criminal counts, including conspiracy and wire fraud.
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