FTX’s Huge Creditor List Includes Some of SBF’s Close Partners

DailyCoin

Published Jan 26, 2023 01:00PM ET

Updated Jan 26, 2023 02:30PM ET

FTX’s Huge Creditor List Includes Some of SBF’s Close Partners

  • FTX released a 115-page document listing all its creditors.
  • These include well-known FTX partners such as Kevin O’Leary and Anthony Scaramucci.
  • Big Tech firms, media companies, and venture funds are also on the list.

As its bankruptcy unfolds, the public is getting more and more information about FTX’s reach in the crypto space and beyond.

On Wednesday, the bankrupt crypto exchange released a 115-page document listing its largest creditors. However, the list does not include the names of the nearly 9.7 million FTX customers that lost their funds in the exchange.

FTX creditors include well-known entities, including crypto companies, government entities, countries, media, venture capital firms, charities, and more.

h2 Celebrity Investors with Ties to FTX/h2

The 115-page document also includes entities linked to well-known crypto investors. In particular, FTX owes money to Michael Novogratz’s Galaxy Digital. Novogratz came down hard on former FTX CEO Sam Bankman-Fried, calling him delusional.

Moreover, some entities have links to influencer investors and FTX partners. These include investors that worked closely with Sam Bankman-Fried in his efforts to gain influence and sway regulators.

Kevin O’Leary, FTX’s former paid spokesperson, is also on the list. The FTX filing lists Kevin O’Leary Productions and O’Leary Productions Inc as creditors. O’Leary is much more sympathetic toward his former business partner Sam Bankman-Fried (SBF). Weeks after the FTX collapse, he even suggested that he would still invest in SBF’s future ventures.

Other well-known creditors are Anthony Scaramucci’s SkyBridge Capital and The Salt Fund. FTX owns a 30% share of SkyBridge, after partnering with Scaramucci in 2021. FTX partnered with Scaramucci’s SALT forum to organize the Crypto Bahamas event in 2022.

However, unlike O’Leary, Scaramucci saw SBF’s failure as a personal betrayal. He also called SBF the Bernie Madoff of Crypto.

h2 Venture Capital, Media, Big Tech… /h2

Other well-known entities are also on the list, highlighting the extent of FTX’s ties to the industry. Notable crypto companies on the list include Binance Binance Capital Management, crypto exchange Coinbase (NASDAQ:COIN) and its partner, and USDC issuer Circle.

NFT giant Yuga Labs is also on the list, as is blockchain analytics firm Chainalysis and auditor Messari.

The list includes Big Tech, including Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN), Meta, Google (NASDAQ:GOOGL), LinkedIn, Microsoft (NASDAQ:MSFT), and Twitter. Media companies, including The New York Times, The Wall Street Journal, and CoinDesk, are also present.

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Filings did not include how much FTX owed to any entity. All entities on the list did not have accounts with FTX; they just did business with the company.

h2 On the Flipside/h2

  • The list does not include smaller creditors, which could be as many as ten million.
  • The filing did not reveal how much FTX owed its largest creditors.

h2 Why You Should Care/h2

Documents from the FTX bankruptcy show just how influential Sam Bankman-Fried was before FTX’s bankruptcy.

You may also like:

From Wall Street to Crypto: Anthony Scaramucci’s Ties to FTX

Former FTX US President Blasts ‘Insecure’ SBF, Reveals Threats to His Reputation

See original on DailyCoin

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes