According to the latest reports, it seems that there are new court documents revealing that collapsed crypto exchange FTX owes money to a slew of marquee businesses, including Apple and Netflix. Check out the latest reports below.
Creditors owed money to FTX
According to the latest reports coming from the online publication the Daily Hodl, it seems that tFTX, which went bankrupt in November, allegedly owed billions of dollars to a number of prominent companies before it collapsed, the extent revealed in bankruptcy court filings.
According to the same notes, some of those companies include tech giant Apple, video streaming service Netflix, other crypto exchange platforms such as Binance and Bitstamp, financial services titans Charles Schwab and JPMorgan, and one of the world’s largest retailers, Amazon.
“Other notable firms that FTX owes money to include media companies Fox Broadcasting, Fox Sports, The Wall Street Journal, Fortune, Medium.com and CoinDesk, IT management company Cloudflare, crypto hedge fund Galaxy Digital, and various universities, airlines, countries, US states, and US regulatory agencies,” the same online publication mentioned above notes.
The names of 9.7 million customers have been redacted from the 116-page document. We suggest that you check out the complete article shared by the Daily Hodl in order to learn more details about this.
FTX could restart operations
John J. Ray III, the bankruptcy lawyer who replaced Sam Bankman-Fried as FTX CEO, is reportedly considering the idea of rebooting the beleaguered crypto exchange.
The Wall Street Journal reports that Ray has set up a task force to find out if restarting the former crypto behemoth could be a better alternative to selling its assets.
During his first interview since becoming FTX’s new boss, Ray says the company is considering all possible options to retrieve funds. make sure to check out the previous article that we shared about a week ago in order to learn more available details about all this.