FTX owes money to Spirit Airlines, Netflix, Stanford University, among others, creditors list shows
By Anushree Dave
FTX lawyers released a document that lists creditors which include big name media companies, airlines, financial institutions, and schools.
FTX, the bankrupt crypto exchange, owes money to charities, airlines, media companies, financial institutions, and universities, according to a creditor list released on Wednesday.
The document, which was filed by FTX's lawyers as part of bankruptcy proceedings, highlights just how wide the crypto exchange's enterprise reach was.
Judge John Dorsey, who oversees the bankruptcy proceedings, allowed the names of 9 million customer users of the crypto exchange to remain sealed for the next three months at a hearing in early January, but requested a list of institutions that are trade creditors in the company.
See also:Why crypto regulation is messy, even with the fall of FTX
Among that 116-page list are airlines like American Airlines Group (AAL), Spirit Airlines (SAVE), and Southwest Airlines (LUV), media companies like Netflix (NFLX), the Wall Street Journal, CoinDesk, and financial institutions like Goldman Sachs (GS) and JP Morgan. The Wall Street Journal, like MarketWatch, is published by the News Corp unit Dow Jones. The list also includes private universities like Stanford, where both of Bankman-Fried's parents work as professors.
The document doesn't show the amount owed to each institution.
FTX filed for Chapter 11 bankruptcy in Delaware in November, leaving an impact on crypto markets. Bankman-Fried has pleaded not guilty to fraud charges against him by regulators in New York.
See also: Bitcoin and crypto are moving past FTX's collapse, but the road back will be rough
(END) Dow Jones Newswires
January 26, 2023 13:22 ET (18:22 GMT)
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