Crypto exchange FTX owes money to Apple, Netflix, and Coinbase, among other creditors.
According to a recent court filing made as part of the bankruptcy proceedings, troubled cryptocurrency exchange FTX (FTT-USD) owes money to a slew of well-known businesses, including technology behemoths Apple (NASDAQ:AAPL) and Netflix (NASDAQ:NFLX), as well as crypto heavyweights Coinbase Global (NASDAQ:COIN) and Binance.
The 116-page document underlines the extent of the financial fallout from FTX's failure and withholds the amount that each institutional creditor is owed. On January 11, a Delaware judge gave the platform permission to withhold the names of its customers for at least an additional three months.
Among the financial institutions that were included were the asset management behemoth BlackRock, the cryptocurrency-focused bank Silvergate (NYSE:SI), and the American megabanks Citigroup and Wells Fargo (NYSE:BLK). Remember how BlackRock CEO Larry Fink stated late last year that the company had invested $24 million in FTX before the once-dominant exchange collapsed due to a liquidity crisis?
American Airlines Group (NASDAQ:AAL), Spirit Airlines (NYSE:SAVE), and Southwest Airlines were among the airlines represented in the creditor matrix (NYSE:LUV). WeWork (NYSE:WE), CVS (NYSE:CVS), the Wall Street Journal, and Comcast were more businesses highlighted (NASDAQ:CMCSA).
Note that only information involving companies, not consumer information, was provided in the list, 9.7M of which were redacted.
Sam Bankman-Fried, the disgraced co-founder and former CEO of FTX who was charged with cheating investors and clients, entered a not guilty plea to the criminal accusations levied against him at the beginning of January.