ftx creditors list pdf

S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. It's no secret now that bankruptcy proceedings are well underway that Sam Bankman-Fried's FTX owes a lot of people a lot of money. A recent filing has now unveiled some notable names among the creditors. LedgerPrime Bitcoin Yield Enhancement Fund, LLC, 105. FTX . The exchange also owes money to government agencies in Japan, Australia, and Hong Kong. Required fields are marked *. 2004 exams are sometimes referred to as fishing expeditions because they need to be. That means they will acts as custodians and hold large amounts of capital on behalf of clients. On the other hand, the biggest technological companies that had exposure to the exchange were Apple, Netflix, Amazon, Meta, Google, LinkedIn, Microsoft, and Twitter. The names of nearly 9.7 million FTX customers with funds stuck on the exchange were however redacted from the document. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The list is 116-pages long and 9.7 million individual names have been sealed off, per FTX lawyer's request. Ethereum Stable At $1,820, What About $2,000 Target? FTX TRADING LTD., et al.,1 Debtors. Apple, IRS, Coinbase, Japan Revealed To Be FTX Creditors - Apple FTX is also seeking information about political donations connected to Bankman-Fried, asking wide-ranging questions about Mind the Gap, a political action committee founded by Barbara Fried, and Guarding Against Pandemics, an advocacy organization founded by Sam Bankman-Fried and his brother, Gabriel Bankman-Fried. Some firms have already revealed their own exposure to FTX, whether through loans, holdings on one of its platforms, or stores of the FTT token. A lawyer for FTX said Wednesday in a Federal bankruptcy hearing in Delaware that lawyers have located over $5 billion of cash, liquid cryptocurrency, and other liquid investments belonging to the. FTX Creditors List: Here is a Complete List of Who FTX Owes Money to. He noted that DeFi protocols had worked "flawlessly". Sam Bankman-Fried founded the now-bankrupt crypto exchange FTX. We doubt Miller would want anything to do with such a scheme. Additionally, the U.S. Secretary of State for states such as Colorado, California, Arkansas, Delaware, Alabama, and more are also on the creditors list. FTXs lawyers have questions. Chainalysis joins FTX exposure list. If the request is approved, the company plans to file a top 50 list by Friday. Grand Central Station, PO Box 4850. Complete List of FTX Creditors Released: Details - Bitnation Ten creditors on the list have individually claimed over $100 million. FORTUNE may receive compensation for some links to products and services on this website. Last week Genesis halted withdrawals from its Genesis Earn yield bearing product. And now that FTXs creditors list has been made public, showing that the company owes money to a wide range of creditors including top banks and financial institutions. The once $32 billion crypto empire could owe money to local drug store Pharma Choice, along with pest exterminator A+ Pest Control, and commercial waste management service Bahama's Waste. Also the relative strength of bitcoin bodes well for the future recovery, according to one trader: Elsewhere, centralized exchanges continue to attempt to communicate their trustworthiness. The exchange owes substantial sums of money to big tech players, local businesses situated in its Bahamian headquarters, airlines, charities, and media firms. It's the list everyone has been waiting for, minus 9.7 million redacted customer names. According to the filings, the highest debt to a single creditor amounts to $226 million. Page 9 of 115 Case 22-11068-JTD Doc In re: FTX Trading Ltd., et al. FTX TURKEY TEKNOLOJ VE TCARET ANONM RKET, 104. Address: Road Town, Tortola, British Virgin Islands. Please learn about the complete disclosure here: Disclosure. FTX owes money to Tech Giants like Google, Amazon, and Meta, FTX creditors also include Banks, Top Financial Institutions and Corporate companies, Litecoin (LTC) Price Prediction 2023, 2024, 2025, Celsius Debtors Granted Permission to Convert Altcoins, Litecoin (LTC) Halving Date, Price History and, Fidelity Resubmits Application for Bitcoin ETF, Joining. [Bloomberg], It was five years ago today, January 28, 2018, that the Prodeum initial coin offering took everyones money and disappeared, leaving behind only a new jargon term for exit scam or rugpull. You get a penis! Meanwhile, in France respected broker Coinhouse revealed that it has exposure to Genesis and as a result is stopping withdrawals from its flagship Savings Account. Nov 20 (Reuters) - Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. 131. Additionally, investment firms such as Pantera Capital, Sequoia Capital, BlackRock are also listed as creditors. He has worked at Reuters since 2014, with a previous posting to Tokyo where he uncovered abuses in Japans immigration system and won a joint Overseas Press Club award for reporting on the tobacco giant Philip Morris. Specifically, they have questions for Sam Bankman-Frieds brother Gabriel and his parents, Joseph Bankman and Barbara Fried. ..Yes, the names of the CREDITORS have been redacted. FTX . Litecoin (LTC) Price Prediction 2023, 2024, 2025 to 2030: Can, Celsius Debtors Granted Permission to Convert Altcoins to Bitcoin and, Litecoin (LTC) Halving Date, Price History and Countdown, Fidelity Resubmits Application for Bitcoin ETF, Joining BlackRock and Others, UKs Financial Services and Markets Act 2023 Recognizes Crypto as, Maverick Protocol (MAV) Price Prediction 2023, 2024, 2025 to 2030, Kaspa Price Prediction 2023, 2024, 2025 to 2030: Is KAS, Xen Crypto Price Prediction:2023, 2024 2025 to 2030: Can XEN, Is Bitcoin the Preferred Choice for Illicit Activities? Neither designation guarantees customers will get their money back soon, if at all. FTX Debtors Receive Court Approval for Customer Bar Date of September 29, 2023. [1/3]Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. Indeed, if history is a guide, the cost could near or exceed $100 million. They point out that it is difficult to imagine an examiner candidate whose qualifications exceed those of Mr. Ray. Which is a good point. 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. The creditors' list includes government agencies from Switzerland, Hong Kong, the U.S., and Japan. Offers may be subject to change without notice. The numbers were disclosed as FTX requested that multiple FTX group companies . Still, the list of names shows the widespread dealings of FTX with businesses in the community and its ties to the island nation's economy. Ray characterized governance at FTX as a "complete failure of corporate controls" and the worst he had ever seen in his career, which includes clearing up the mess after the infamous Enron collapse in 2007. Some Fortune Crypto pricing data is provided by Binance. We are your personal trainer, your nutritionist, your supplement expert, your lifting partner, your support group," the company's website reads. A quick 3min read about today's crypto news! In total, the unsecured claims amount to $3.1 billion. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Chapter 11 . FTX Owes Its 50 Biggest Unsecured Creditors More Than $3 Billion It has become an area of contention in other crypto bankruptcies, such as Voyager Digital, whether or not a financial institutions with an account at a crypto exchange would be more senior debt than that of other unsecured creditors such as retail clients. NEAR Foundation and Alibaba Cloud Join Forces to Boost Web3 Development in Asia, Brazilian Hospital Will Accept Crypto Pay in National First, South Korean Court Rules That Bitcoin Is Not Money And Cryptos Not Subject to Interest Rate Rules, Crypto Trading Crucial to Virtual Asset Ecosystem, Says Hong Kong SFC Chief, Trending Crypto Coins - Pepe, Polygon, Psyop, Tweety, Wagner Inu Pumping on DEXTools, Crypto Firm Wintermute Entangled in Lawsuit Against Celsius Network. CEO John Ray is being paid $1,300 an hour for his services and a $200,000 retainer. FTX said last year it owed its 50 biggest creditors nearly $3.1 billion. But this was enough for the government to ask Judge Lewis Kaplan to modify Sams bail: [DOJ letter to judge, PDF], Specifically, the Government respectfully requests that the Court impose the following conditions: (1) the defendant shall not contact or communicate with current or former employees of FTX or Alameda (other than immediate family members) except in the presence of counsel, unless the Government or Court exempts an individual from this no-contact rule; and (2) the defendant shall not use any encrypted or ephemeral call or messaging application, including but not limited to Signal., SBFs lawyers responded by pounding the table. About 330 employees will be let go from the firm, which has offices in Africa, Asia, and Europe. Note that Gmail, Yahoo, and AOL will block most emails to you. Read about our full privacy policy here: Privacy Policy. Access your favorite topics in a personalized feed while you're on the go. Nansen, TRM Labs and Chainalysis are listed as creditors of FTX. "Amid the frenzied scramble to divulge all of FTX's dirty secrets, including where the fate of those $8 billion in stolen client funds which were handed over to Alameda ahead of the largest crypto exchange bankruptcy in history, there is one topic . And none of what you read here is by any way, an investment advice. That's not $659mn, please note. FORTUNE may receive compensation for some links to products and services on this website. The top two creditors are owed $226 million and 203 million. Your email address will not be published. Enter your email address to follow this blog and receive notifications of new posts by email. FTX Creditors List: Here is a Complete List of Who FTX Owes Money to? Sam Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty to fraud charges. Debunking The, Cboe BZX Exchange Adds Surveillance Sharing Agreement to ARK 21Shares. Theyve requested an order pursuant to Rule 2004 here too under seal, because the information in the motion could reveal or lead to evidence that will reveal the identity and activities of the perpetrator(s). It sounds like they already have a very good idea who was behind the hack. The first days sitting of the court will take place on Tuesday 22 November at 11am ET, with Judge John T Dorsey presiding. There's a small garden center called Pam's Plants Ltd. that also appears on the lengthy list. 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 Read the latest news, events, reviews, videos, technical analysis and guides around crypto. Signature Bank (NASDAQ: SBNY) has gone from $365 to $127 over the past year. Your email address will not be published. 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. The stock in question (NYSE:SI) is going down the toilet. Insider looked through the 116-page court document to find the most surprising names among its creditors. In a vote of confidence in the project, LBank and, most recently, BitMart have both signed deals to list the token after its presale ends. FTX Digital Holdings (Singapore) Pte Ltd, 83. Your EUR and GBP sent to Crypto.com via Transactive are probably now stuck. LedgerPrime Digital Asset Opportunities Fund, LLC, 107. Therefore, the judge remains reluctant at this point to disclose the information belonging to the customers. The UCC concurs. According to the records, millions are still owing to companies like Bankhaus Scheich Wertpapierspezialist AG, Blockchainfonds II GmbH & Co. K. The Kroll documents also contain a list of 102 debtors, including many companies linked to Alameda Research and FTX, who have filed for Chapter 11 bankruptcy protection and requested joint administration of the relevant case. Federal Rule of Bankruptcy 2004 allows tremendously broad discovery and deposition. Included in the same 2004 motion, Ray is also asking the courts permission to subpoena Sam and several other FTX insiders, including FTX cofounders Gary Wang and Nishad Singh, former Alameda CEO Caroline Ellison, and former FTX COO Constance Wang. Individual customers names remain withheld. The Tribune, a news outlet of The Bahamas, said Friday that many local creditors were owed negligible sums, with some describing the amount as "non-existent". No claims are made to the properties of third parties. The U.S. Department of Justice's bankruptcy watchdog has called for an independent investigation into its collapse, a request that received backing from a bipartisan group of U.S. senators. Bitcoin has slipped 1.2% in the past 24 hours, trading at $16.497, Ethereum is down 3% at $1,166 and Dogecoin off 6% at $0.079. . A list of the top 50 creditors of the FTX group of companies has been filed with the bankruptcy court, and the sum total amounts to $3.1 billion. A witness is not always entitled to attorney representation or cross-examination and has only a limited right to object to questions. However, the poor record-keeping by FTX means that new CEO John Ray cannot be absolutely sure that the top 50 list is accurate. FTX submits list of creditors revealing $3B in debt - CryptoNewsZ c/o Kroll Restructuring Administration LLC. FTX's 116-Page Creditor List Includes Netflix and Apple - PYMNTS.com And you get a penis! Gabriel launched Guarding Against Pandemics, an organization funded by Sam. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. FTX Reveals Top 50 Creditors Are Owed $3.1 Billion, Seeks To Keep Their Names Confidential. 2023 Fortune Media IP Limited. 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. DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. Chainalysis Confirmed as FTX Creditor in Bankruptcy Case - Yahoo News Kroll Restructuring Administration Although the list does not say how much money each party is owed, the company is estimated to have at least one million creditors, including 9.7 million individual names which have been sealed off, per request from FTX attorneys. FTX, once among the world's top crypto exchanges, shook the sector in November by filing for bankruptcy, leaving an estimated 9 million customers and other investors facing total losses in the billions of dollars. [Substack; Youtube]. In other court documents, it has come to light that Caroline Ellison, Gary Wang and Nishad Singh have been sacked. Sanjib is one of the co-founders of Cryptobullsclub. Offers may be subject to change without notice. FTX has 10 times more creditors than originally estimated - Fortune In the January 23 hearing, Ross Kwasteniet of Kirkland & Ellis, speaking for Celsius, said the bids have not been compelling.. A spokesperson for Mind the Gap said it did not receive direct contributions from Sam Bankman-Fried, although Bankman-Fried made donations to some political causes it recommended to its donor network. Research site Messari puts DCG's disclosed VC investments at 114. Cryptonews conducted an exclusive interview with CEO Nicolas Louvet a week or so ago. Please DYOR before investing. 22-11068 (JTD) (Joint Administration Pending) NOTICE OF FILING OF CONSOLIDATED LIST OF TOP 50 CREDITORS . [Doc 573, PDF; Doc 571, PDF], SBF is playing fast and loose with potential witnesses in his criminal trial. All Rights Reserved. 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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 . You should do your own research before investing in any company or product. For your convenience, we still have banking. 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 of business competitiveness. Bankman-Fried and certain FTX employees lived in a $40 million penthouse in Albany, an exclusive private community in Nassau. As noted by FTXs lawyers in the Tuesday filing: The events that have befallen FTX over the past week are unprecedented.. As part of its own investigation, FTX asked U.S. Bankruptcy Judge John Dorsey, who is overseeing its Chapter 11 proceedings, to help it secure documents from Bankman-Fried, members of his family and other insiders with information about FTX transactions that used "misappropriated and stolen" funds. For Buterin the affair is a vindication of the correctness of putting faith in "open transparent code above individual humans". The Kroll documents also contain a list of 102 debtors, including many companies linked to Alameda Research and FTX, who have filed for Chapter 11 bankruptcy protection and requested joint administration of the relevant case.. FTX could have as many as one million creditors and arguments over debt seniority will determine which ones will be paid first. All quotes delayed a minimum of 15 minutes. Many companies and individuals named on the list may not end up being creditors, but instead someone who has previously done business with FTX, according to a court filing. A list of the top 50 creditors of the FTX group of companies has been filed with the bankruptcy court, and the sum total amounts to $3.1 billion. You do not treat John Ray and Sullivan & Cromwell with much skepticism. DCG is a major investor in Messari. Many on the list of creditors are small Bahamian businesses. Crypto is highly volatile. FTX owes 50 largest unsecured creditors $3.1B, $100M each to 10 - Fortune 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.. FTX Creditors Include Netflix, Coinbase, and Stanford University It is possible this was not in full compliance with KYC and AML regulations. 65. Airbnb and Binance did not immediately respond to a request for comment. The top 3 reasons to invest right now in European stocks. 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 Dorsey in January allowed FTX to keep secret the names of 9 million of its individual customers for three months. As with all opinion, it should not be relied upon without independent verification. Its crashed from $220 in November 2021 to below $14 in January 2023. 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. They argue an examiner would duplicate work thats already underway by FTX, the UCC, law enforcement, and regulators. List Of Organizations And Individuals That Are Creditors Of FTX But after CEO Changpeng CZ Zhao initially agreed to buy FTX, he stepped away from the deal, saying FTXs issues are beyond our control or ability to help.. Your transformation is our passion. FTX filed for Chapter 11 . Crypto collapse: FTX family subpoenas, SBF witness tampering, Celsius Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. Once a crook always a crook. In a 115-page long document, all the creditors of the now-bankrupt crypto exchange were listed. Its TARO token is on sale now for $0.020. At least four drugmakers are expected to launch new copycat versions of AbbVie's top-selling rheumatoid arthritis drug, Humira, over the next week, but experts expect little change in prices for the treatment even with the new competition. XRP Price Prediction as Bulls Keep XRP Above $0.48 Support Where is XRP Heading Next? In that interview Louvet spoke out about the need for better regulations in the industry, and suggested that if there were more pros from the VC world involved and independent auditors and ratings agencies, then things could be cleaned up. FTX Debtors Receive Court Approval for Customer Bar Date of September FTX's bankruptcy case includes more than 100,000 creditors, and this number could surpass 1 million, the filings said. FTX creditors list, BlockFi $1.2B exposure and new Celsius token Or, in upper crust fashion, cut all manner of Reasonable side deals with favored Serious Professional parties, who will skim as much as they can (e.g. The document was filed by lawyers for FTX as part of the Chapter 11 bankruptcy . It's $659k. [Dirty Bubble], (Update, March 15, 2023: Viktor Prokopenya tells us he never had any commercial interest or other involvement in ZUBR. Dirty Bubble has updated his story to note that FTX purchased ZUBR directly from Prokopenyas business partner Said Gutseriev. "We are Bodybuilding.com. Think for yourself. All rights reserved. Its pretty standard practice for debtor and UCC to object due to the costs involved. The industry leader for online information for tax, accounting and finance professionals. Our Standards: The Thomson Reuters Trust Principles. Sign up for theFortune Features email list so you dont miss our biggest features, exclusive interviews, and investigations. . Todays filing uncovers the first concrete details relating to the shape of FTX companies liabilities, which are thought to amount to around $10 billion. These transactions, it said, include a $16.7 million Bahamian real estate purchase under the name of Bankman-Fried's parents, Joseph Bankman and Barbara Fried. The Debtors investigation continues regarding amounts listed, including payments that may have been made but are not yet reflected on the Debtors books and records. The list, which comprises of some major names including U.S. government agencies, media outlets, banks, charitable foundations, law firms, marketing agencies and even international government agencies, highlights the far-reaching effects of FTXs bankruptcy.
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