Crypto News

Google, Meta, Circle, Genesis among creditors of collapsed crypto exchange FTX

Array
FTX exchange revealed its complete list of creditors

FTX, a defunct crypto exchange, revealed its complete list of creditors on January 25, but withheld the names of nearly 9.6 million users in accordance with a court order.

The list of creditors includes U.S and international government agencies, law firms, banks, media outlets, charitable foundations, marketing agencies and more.

The creditor matrix highlights the impact of FTX’s collapse which has spread far beyond the crypto ecosystem.

Global finance and tech firms such as Ant Group, Google, Amazon, Meta, Netflix, LinkedIn, and Apple are on the list of FTX creditors.

Media outlets including Bloomberg Finance, The Wall Street Journal, CoinDesk, Benzinga and Condé Nast are also among FTX’s creditors.

However, the documents do not reveal the amount owed to each creditor. The collapse of FTX dealt a heavy blow to the crypto ecosystem with firms scrambling to lessen the impact.

The most notable crypto-related firms on FTX’s list of creditors include Coinbase, USDC issuer Circle, Galaxy Digital and Binance Capital Management.

The bankrupt firm is also indebted to crypto exchange AAX, Bitgo Prime and Polygon Network.

Tags

Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.