If by hand delivery, or overnight courier: FTX Trading Ltd. Claims Processing Center. Additionally, investment firms such as Pantera Capital, Sequoia Capital, BlackRock are also listed as creditors. He is scheduled to face trial in October. FTX bankruptcy documents show list of investors set to be completely Chainalysis Confirmed as FTX Creditor in Bankruptcy Case - Yahoo News Theres a $75 trillion reason the economy wont crash into a recession, top economist says: Baby boomers pent-up net CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Also, the delay in producing the list, which is a requirement of Chapter 11 bankruptcy proceedings, has been due to the parlous state of FTX companies records. 4 min read The FTX Arena in Miami seen from above. The collapse of a former multi-billion dollar crypto exchange, FTX, has affected more companies than previously imagined. It is possible this was not in full compliance with KYC and AML regulations. ), Would it surprise you to learn that FTX made political donations to George Santos? But he added, That said, many in the Ethereum community also see the situation as a validation of things they believed in all along: centralized anything is by default suspect.. Page 9 of 115 Case 22-11068-JTD Doc In re: FTX Trading Ltd., et al. Investing is speculative and when you invest money, your entire capital is at risk. It's the list everyone has been waiting for, minus 9.7 million redacted customer names. When visiting the FTX offices in the Bahamas, he and Barbara stayed in a $16.4 million house with its title in their names. The recent filing of FTX reveals that various state Departments of Revenue in the United States are listed as creditors, including those from states such as Texas, Minnesota, California and Connecticut. The prime minister of the Bahamas was also listed. FTX said on Thursday that the list was meant to ensure the broadest possible outreach to potential stakeholders in its bankruptcy, and that FTX does not necessarily owe money to each name on the creditor list. [Doc 579, PDF; Bloomberg]. Although its still unclear exactly how much each party was involved with the fallen exchange, the filing would appear to be an initial attempt to compile a list of creditors who were affected by FTXs demise. The exchange was a collaboration between Belarusian binary options and crypto billionaire Viktor Prokopenya and his former business partner Said Gutseriev, the son of one of Russias wealthiest oligarchs. PLEASE TAKE NOTICE that on the date hereof, FTX Trading Ltd. and its affiliated debtors and debtors-in-possession, filed the consolidated list of top 50 creditors (the Many on the list of creditors are small Bahamian businesses. He has been sharing his experience about cryptocurrencies with the community, since 2017. Their jobs are to make sure creditors get back as much as possible. FTX Creditor List Features Netflix, Binance, Wall Street Journal Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. FTX's official committee of creditors joined the company in opposing the appointment of an examiner. A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. The firm proposed to engage in novel and untested crypto activities that include issuing a crypto asset on open, public and/or decentralized networks., Crypto.coms old gateway for GBP and EUR was Transactive Systems of Lithuania. Here are some surprising names on the crypto exchange's long list of creditors. Specifically, they have questions for Sam Bankman-Frieds brother Gabriel and his parents, Joseph Bankman and Barbara Fried. Dirty also notes interesting connections between ZUBR and Prokopenyas other entities in his story. The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) and U.S. Internal Revenue Service (IRS) are among those on the new list of creditors. It's important to note that the content on the Bitnation website shouldn't be considered investment advice. Crypto lender BlockFi files for bankruptcy, cites FTX exposure FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Read the full text of FTX's bankruptcy filing - Quartz The top two creditors are owed $226 million and 203 million. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices (pty)(1 case) 22-11074-JTDFTX Japan Holdings K.K.1111/11/22DebtorN / AFTX Japan K.K. Required fields are marked *. FTX's 'More Than 1 Million Creditors' Include Netflix, DoorDash, and Airbnb Firms such as FTX are part bank, part broker-dealer and part exchange. They also got cut off from the UK Faster Payments system. 22-11068 (JTD) (Joint Administration Pending) NOTICE OF FILING OF CONSOLIDATED LIST OF TOP 50 CREDITORS . His name is appearing as a representative for a group of creditors. FTXs new CEO, John Ray, who worked with court-appointed examiners while leading Enron Corp and Residential Capital through bankruptcy, is prepared to testify that examiners in those two cases cost a combined $150 million and provided "minimal" benefits to creditors, FTX said. About 330 employees will be let go from the firm, which has offices in Africa, Asia, and Europe. Dorsey in January allowed FTX to keep secret the names of 9 million of its individual customers for three months. Tom covers crypto companies, regulation and markets from London, focusing through 2022 on the Binance crypto exchange. Fast forward to Saturday when in a surprise twist, the Enron liquidator isnow asking the judge to keep the names of the companys creditorsand customers(which we assume have been identified), confidential in order toprotect the estate or any entity in respect of a trade secret or other confidential research, development or commercial information.. Collapsed FTX owes nearly $3.1 billion to top 50 creditors That means they will acts as custodians and hold large amounts of capital on behalf of clients. All rights reserved. All the creditors of the exchange were listed in alphabetical order, confirming that major media and tech firms, along with crypto companies and US and international government agencies, had exposure to the exchange. Update, Nov. 15, 2022: This article has been updated to add mention of a filing asking to consolidate dozens of FTX-associated bankruptcy cases. 1.18 From Apple To IRS And Coinbase To Japan: The Full List Of Sam Bankman-Fried's FTX Creditors by Mehab Qureshi, Benzinga Staff Writer January 26, 2023 1:56 AM | 2 min read The complete. FTX acknowledged "fraud, dishonesty, incompetence, misconduct, mismanagement, and irregularity" in its past conduct, but said that its previous wrongdoing is already being probed by the company's new management, its creditors and law enforcement agencies. Complete List of FTX Creditors Released: Details - Bitnation FTX International's $5.5bn of crypto assets at the end of September had an actual market value of $659,000. After a weeklong saga in which FTX faced a liquidity crunch, the company thought it had found salvation in acquisition by rival crypto exchange Binance. Additionally, media outlets like the Wall Street Journal, Bloomberg Finance, Coindesk, Cond Nast and Benzinga are also included on the list. FTX Debtors Receive Court Approval for Customer Bar Date of September 29, 2023. Its crashed from $220 in November 2021 to below $14 in January 2023. (pty)(1 case) 22-11102-JTDFTX Japan K.K.1111/11/22DebtorN / AFTX Japan Services KK (pty)(1 case) 22-11103-JTDFTX Japan Services KK1111/11/22DebtorN / AFTX Lend Inc. (pty)(1 case) 22-11167-JTDFTX Lend Inc.1111/11/22DebtorN / AFTX Marketplace, Inc. (pty)(1 case) 22-11168-JTDFTX Marketplace, Inc.1111/11/22DebtorN / AFTX Products (Singapore) Pte Ltd (pty)(1 case) 22-11119-JTDFTX Products (Singapore) Pte Ltd1111/11/22DebtorN / AFTX Property Holdings Ltd (pty)(1 case) 22-11076-JTDFTX Property Holdings Ltd1111/11/22DebtorN / AFTX Services Solutions Ltd. (pty)(1 case) 22-11120-JTDFTX Services Solutions Ltd.1111/11/22DebtorN / AFTX Structured Products AG (pty)(1 case) 22-11122-JTDFTX Structured Products AG1111/11/22DebtorN / AFTX Switzerland GmbH (pty)(1 case) 22-11169-JTDFTX Switzerland GmbH1111/11/22DebtorN / AFTX TURKEY TEKNOLOJI VE TICARET ANONIM SIRKET (pty)(1 case) 22-11170-JTDFTX TURKEY TEKNOLOJI VE TICARET ANONIM SIRKET1111/11/22DebtorN / AFTX Trading GmbH (pty)(1 case) 22-11123-JTDFTX Trading GmbH1111/11/22DebtorN / AFTX Trading Ltd. (pty)(1 case) 22-11068-JTDFTX Trading Ltd.1111/11/22DebtorN / AFTX US (pty)(1 case) 22-11071-JTDWest Realm Shires Services Inc.1111/11/22DebtorN / AFTX US Services, Inc. (pty)(1 case) 22-11171-JTDFTX US Services, Inc.1111/11/22DebtorN / AFTX US Trading, Inc. (pty)(1 case) 22-11149-JTDFTX US Trading, Inc.1111/11/22DebtorN / AFTX Ventures Ltd. (pty)(1 case) 22-11172-JTDFTX Ventures Ltd.1111/11/22DebtorN / AFTX Zuma Ltd (pty)(1 case) 22-11124-JTDFTX Zuma Ltd1111/11/22DebtorN / A. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. . by Sanjib Saha January 27, 2023 0 Comment FTX has released a list of top creditors on January 25th, but has kept the identities of 9.6M+ users confidential per the new court order. Once a crook always a crook. Subscribe here. Sam Bankman-Fried's bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each. Instead, Celsius have concocted a plan to reorganize into a publicly traded company and issue a new Asset Share Token to creditors. Powered and implemented by Interactive Data Managed Solutions. It includes investment banks, such as Goldman Sachs and JPMorgan; media companies, such as the New York Times and Wall Street Journal; commercial airliners, including American, United, Southwest, and Spirit; as well as several large tech players, including Netflix, Apple, and Meta. [SFGate], Celsius has rejected the Binance US bid for Celsius assets, and four other bids. The 116-page document, filed by the company late Wednesday (Jan. 25), shows that FTX owes money to investment firms, tech companies, banks, media outlets, state governments, the finance. Large institutional investors JPMorgan and Goldman Sachs were named too. Lawyers for FTX said in a bankruptcy filing Tuesday that the company owes money to more than 1 million creditors. FTX lawyers filed their creditor matrix with the United States Bankruptcy Court for the District of Delaware on January 25. Moonstone Bank says that recent events FTX tried to use them as a financial laundromat and the changing regulatory environment around crypto businesses the regulators are on the warpath have prompted it to ditch the innovation-driven business model it adopted in recent years. Also, total FTX employee headcount at the time of the petition declaring bankruptcy was 330 persons based in 29 countries, in addition to contractors. Case No. The Bankruptcy Court has set the following deadlines: General Non-Customer Bar Date: June 30, 2023, at 4:00 p.m. (Eastern Time) Proof of Interest Bar Date: June 30, 2023, at 4:00 p.m. (Eastern Time) Governmental Bar Date: September 29, 2023, at 4:00 p.m. (Eastern Time) Click on "Submit a Claim" above to download a proof of claim form and for . The notable crypto and Web3-related companies that are currently owed money by FTX include Coinbase, Galaxy Digital, Yuga Labs, Circle, Bittrex, Sky Mavis, Chainalysis, Messari, and entities of Binance. The names of nearly 9.7 million FTX customers with funds stuck on the exchange were however redacted from the document. Individual customers names remain withheld. Notably, FTX also owes money to many cryptocurrency firms that have previously declared bankruptcy, such as Genesis Global, Voyager Digital and Blockfi. Kroll Restructuring Administration None of the names of the creditors are included in the list, in line with a request by FTX to shield its clients' identity for reasons . 574 Filed 01/25/23 Page 11 of 116 Consolidated List of Creditors Name Address1 Address2 Address3 Address4 City State PostalCode Country Lawyers for the company said in the filing that the case is complex and involves more than 100 debtor entities on the FTX side and a million-plus creditorsmostly FTX customers. ZURICH/LONDON, Jan 26 (Reuters) - FTX has objected to a U.S. Department of Justice request for an independent investigation into the once-prominent crypto exchange's collapse, saying it is. The laundry list of names runs the gamut from commercial airliners like Southwest, news outlets like the New York Times and Wall Street Journal, elite schools like Stanford University, and A-list celebrities like Larry David. Hey, no need for anyone to look over our shoulder while we decide who gets this pile of money, because credentials makes no sense. 850 3rd Avenue, Suite 412. c/o Kroll Restructuring Administration LLC. Research site Messari puts DCG's disclosed VC investments at 114. Outside of The Bahamas, 24hourwristbands.com, a promotional product manufacturer with a 24-hour turnaround time, made it, along with Coachella, The Container Store, Water.com, and Australia Attorney-General's Department. In the January 23 hearing, Ross Kwasteniet of Kirkland & Ellis, speaking for Celsius, said the bids have not been compelling.. . FTX creditors include Goldman Sachs, New York Times and Netflix - CNN In other court documents, it has come to light that Caroline Ellison, Gary Wang and Nishad Singh have been sacked. Home News currencies FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft Matthew Fox Tom Brady. There's a small garden center called Pam's Plants Ltd. that also appears on the lengthy list. Debunking The, Cboe BZX Exchange Adds Surveillance Sharing Agreement to ARK 21Shares.