FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies

The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. U.S. government entities, such as the Internal Revenue Service (IRS) and the Treasury’s Financial Crimes Enforcement Network (FinCEN), are also included.

FTX Creditor List Reveals Wide Range of Businesses Owed Money

On Jan. 24, 2023, FTX published the bankrupt firm’s creditor ledger, which contains more than 100 pages of names. The creditors’ list includes government agencies from Switzerland, Hong Kong, the U.S., and Japan. In addition, the ledger features a myriad of well-known businesses, including Alibaba, Allied Sports, Microsoft, Amazon, Meta, Twitter, Google, Blue Bottle Coffee, Bonham Capital, Bitstamp, Bitgo, Infura, Inca Digital, Lightspeed Strategic Partners, Long Watch Security, Mercedes-Benz, Messari, Nomura, and O’Leary Productions. Bankruptcy documents filed last year indicate that the top 50 FTX creditors are owed an estimated $3 billion.

The FTX creditors’ list includes U.S. government agencies, such as the IRS, FinCEN, and various state tax collectors from a number of different states. The list showcases three major airlines, hotels, apartments, nonprofits, and software companies that provide cloud services. However, around 9.69 million FTX customer names are redacted from the creditor ledger. The list also highlights a great deal of businesses stemming from The Bahamas, where the FTX inner circle operated. Creditors further include banks, Stanford University, Fox News, Coindesk, and the Wall Street Journal.

The court filing shows monies owed to a large number of creditors, but it does not mean the entity or individual leveraged the FTX exchange to trade crypto. For instance, a spokesperson from the Swiss regulatory entity FINMA told Reuters that it did not understand why it was on the list. FINMA “was not a client of FTX and had not acted on its platforms,” the spokesperson told the news outlet. Reuters reporter Noele Illien also reached out to Airbnb for comment, but the company did not respond.

What are your thoughts on the creditor list released by FTX and the extent of the debts owed to well-known institutions and government agencies? Share your comments below.

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