Court documents revealed that FTX’s creditors include Apple, Netflix and Coinbase

Financial advisors to bankrupt cryptocurrency exchange FTX finally disclosed the company’s full list of institutional creditors in a court filing late Wednesday. The document lists the names of the companies to which FTX owes money, providing an expanded picture of the entities caught up in the exchange’s bankruptcy.

The document — which is arranged alphabetically and is more than a hundred pages long — shows just how far the impact of the FTX collapse extends, listing technology companies from Apple to WeWork and various media publications such as The Wall Street Journal And CoinDesk.

The list does not include specific dollar amounts of what each company owes in the creditors matrix, nor does detailed information that includes individual customers, more than 9.6 million of whom were redacted from the document. Inclusion of a company in the list does not necessarily mean that the company has a trading account with FTX.

FTX, once a dominant player in the cryptocurrency industry, collapsed after a bank run on the stock market in November. The liquidity crisis forced FTX to admit that client assets were not fully backed, and eventually it filed for bankruptcy after a last failed attempt to sell the company to its primary competitor, Binance. Since then, the company’s founder, Sam Bankman-Fred, has been arrested and charged with eight financial crimes related to the stock market crash.

The FTX liquidation process has so far proven to be a long and complex process, as former Enron liquidator John J Ray oversaw the company’s restructuring. The list of creditors was approved Friday by Judge John Dorsey in Delaware, where the high-profile bankruptcy case is still pending. FTX Attorney calculated Earlier in the event that the stock exchange may have more than a million creditors.

Earlier, court documents revealed that FTX owed its 50 largest creditors only $3.1 billion, without naming specific names. The specific filing showed that FTX’s top ten creditors alone have more than $100 million each in bad debt.

Wednesday’s array includes several local companies in the digital asset industry, such as Coinbase, Binance Capital Management, Chainalysis, Yuga Labs, Doodles, and Silvergate Bank. Reddit, which rolled out polygon-based NFT avatars on its platform last year, is also named as a creditor.

But Silvergate is just one of several banks named in the creditor matrix, which lists others like CitiGroup and Wells Fargo. Also listed are companies that have also invested in the now bankrupt venture, such as Blackrock and Sequoia Capital.

Some examples of companies mentioned may relate to money owed to FTX for goods and services. Apotek CVS is listed as one of the creditors on the exchange, along with Netflix and Comcast. Twelve different creditors including Doordash are listed in their names in the matrix.

Many state revenue departments across the United States are also included in the creditor matrix, from Alabama to Wyoming. The Credit Matrix also describes the Bahamas Department of Finance as a creditor in the bankruptcy case.

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