FTX has previously disclosed that it has debts of over $3 billion to its creditors. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Creditors will get to weigh in on the best way for FTX to repay its debts as the bankruptcy unfolds. Still, the list of names shows the widespread dealings of FTX with businesses in the community and its ties to the island nation's economy. The government should get its reply in, with substantiation of its claims, by February 2. Law360 (November 21, 2022, 6:42 PM EST) -- As bankrupt cryptocurrency exchange FTX Trading Ltd. prepares to make its first appearance in a Delaware bankruptcy court Tuesday, the company filed a. Other U.S government agencies like the Connecticut Department of Banking, the Alabama Securities Commission, Arizona Department of Insurance and Financial Institutions, and Arkansas Securities Department are also listed as creditors. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. All rights reserved. FTX filed for Chapter 11 . The failed crypto exchange owes more than $3 billion to its top 50 creditors alone, according to court documents. WILMINGTON, Del., June 28, 2023 /PRNewswire/ -- FTX Trading Ltd. (d.b.a. Some firms have already revealed their own exposure to FTX, whether through loans, holdings on one of its platforms, or stores of the FTT token. Please DYOR before investing. The laundry list of names runs the gamut from commercial airliners like Southwest, news outlets like the New York Times and Wall Street Journal, elite schools like Stanford University, and A-list celebrities like Larry David. FTX Debtors Receive Court Approval for Customer Bar Date of September 29, 2023. 850 3rd Avenue, Suite 412. Todays filing uncovers the first concrete details relating to the shape of FTX companies liabilities, which are thought to amount to around $10 billion. Required fields are marked *. Ethereum Stable At $1,820, What About $2,000 Target? FORTUNE may receive compensation for some links to products and services on this website. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The first days sitting of the court will take place on Tuesday 22 November at 11am ET, with Judge John T Dorsey presiding. However, the filing revealed that the largest unsecured creditor is seeking over $226 million in unpaid debts from FTX, and the second largest is claiming over $203 million. PLEASE TAKE NOTICE that on the date hereof, FTX Trading Ltd. and its affiliated debtors and debtors-in-possession, filed the consolidated list of top 50 creditors (the None of the names of the creditors are included in the list, in line with a request by FTX to shield its clients identity for reasons of business competitiveness. But the 116-page FTX creditor list, which names companies including Netflix (NFLX) and Apple (AAPL), still . Case No. Page 9 of 115 Case 22-11068-JTD Doc In re: FTX Trading Ltd., et al. DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. FTX lawyers told a Delaware bankruptcy judge earlier this month that the company has recovered $5 billion of liquid assets. A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. In the Celsius case customers were designated as unsecured creditors while in the Voyager case they were impaired claimants. The recent filings by FTX have revealed that not just unsecured creditors but a pair of customers are also on the list with huge amounts in their names. The 50 largest claims are all from customers owed $21 million or more. Think for yourself. 1.18 From Apple To IRS And Coinbase To Japan: The Full List Of Sam Bankman-Fried's FTX Creditors by Mehab Qureshi, Benzinga Staff Writer January 26, 2023 1:56 AM | 2 min read The complete. (pty)(1 case) 22-11102-JTDFTX Japan K.K.1111/11/22DebtorN / AFTX Japan Services KK (pty)(1 case) 22-11103-JTDFTX Japan Services KK1111/11/22DebtorN / AFTX Lend Inc. (pty)(1 case) 22-11167-JTDFTX Lend Inc.1111/11/22DebtorN / AFTX Marketplace, Inc. (pty)(1 case) 22-11168-JTDFTX Marketplace, Inc.1111/11/22DebtorN / AFTX Products (Singapore) Pte Ltd (pty)(1 case) 22-11119-JTDFTX Products (Singapore) Pte Ltd1111/11/22DebtorN / AFTX Property Holdings Ltd (pty)(1 case) 22-11076-JTDFTX Property Holdings Ltd1111/11/22DebtorN / AFTX Services Solutions Ltd. (pty)(1 case) 22-11120-JTDFTX Services Solutions Ltd.1111/11/22DebtorN / AFTX Structured Products AG (pty)(1 case) 22-11122-JTDFTX Structured Products AG1111/11/22DebtorN / AFTX Switzerland GmbH (pty)(1 case) 22-11169-JTDFTX Switzerland GmbH1111/11/22DebtorN / AFTX TURKEY TEKNOLOJI VE TICARET ANONIM SIRKET (pty)(1 case) 22-11170-JTDFTX TURKEY TEKNOLOJI VE TICARET ANONIM SIRKET1111/11/22DebtorN / AFTX Trading GmbH (pty)(1 case) 22-11123-JTDFTX Trading GmbH1111/11/22DebtorN / AFTX Trading Ltd. (pty)(1 case) 22-11068-JTDFTX Trading Ltd.1111/11/22DebtorN / AFTX US (pty)(1 case) 22-11071-JTDWest Realm Shires Services Inc.1111/11/22DebtorN / AFTX US Services, Inc. (pty)(1 case) 22-11171-JTDFTX US Services, Inc.1111/11/22DebtorN / AFTX US Trading, Inc. (pty)(1 case) 22-11149-JTDFTX US Trading, Inc.1111/11/22DebtorN / AFTX Ventures Ltd. (pty)(1 case) 22-11172-JTDFTX Ventures Ltd.1111/11/22DebtorN / AFTX Zuma Ltd (pty)(1 case) 22-11124-JTDFTX Zuma Ltd1111/11/22DebtorN / A. Venture capitalists bet big on crypto, Analysis: New Humira rivals likely to hit US market with small discounts in July, Exclusive: China's Shein files for U.S. IPO, sources say, Deutsche Bank human resources head Ilgner to leave bank, Credit Suisse appoints investment banking management committee, Toyota chairman's compensation rises 46% to $7 million. Bankman-Fried and members of his family could not immediately be reached for comment. Powered and implemented by Interactive Data Managed Solutions. See here for a complete list of exchanges and delays. Custodia Bank cant get a Fed account: [Federal Reserve], The Board has concluded that the firms application as submitted is inconsistent with the required factors under the law. A quick 3min read about today's crypto news! The collapse of a former multi-billion dollar crypto exchange, FTX, has affected more companies than previously imagined. A recent filing has now unveiled some notable names among the creditors. New York, NY 10163-4850. And you get a penis! FTX also on Wednesday night filed a new list of creditors in bankruptcy court, which included financial watchdogs and government agencies from the United States, Japan and Switzerland, as well as companies including Airbnb Inc (ABNB.O) and crypto giant Binance. 2004 exams are sometimes referred to as fishing expeditions because they need to be. The list, which comprises of some major names including U.S. government agencies, media outlets, banks, charitable foundations, law firms, marketing agencies and even international government agencies, highlights the far-reaching effects of FTXs bankruptcy. Although its still unclear exactly how much each party was involved with the fallen exchange, the filing would appear to be an initial attempt to compile a list of creditors who were affected by FTXs demise. Instead, Celsius have concocted a plan to reorganize into a publicly traded company and issue a new Asset Share Token to creditors. It's no secret now that bankruptcy proceedings are well underway that Sam Bankman-Fried's FTX owes a lot of people a lot of money. Crypto exchanges are constituted in markedly different ways to the division of labour that exists in traditional finance. To that end, Coinbase has been advertising in the Wall Street Journal: The week ahead could in the FTX contagion story, could see Digital Currency Group (DCG) at the center of attention and in particular the two companies its owns, Genesis and Grayscale Investments, the latter being the issuer of the Grayscale Bitcoin Trust (GBTC). [WSJ, paywall; archive], DeFi volumes are right down. Looks like Coinhouse may have failed in its own due diligence, although, to be fair, it was not to know that FTX was going to fail and bring down Genesis or at least its Earn product in the process. As with all opinion, it should not be relied upon without independent verification. Your email address will not be published. Address: Road Town, Tortola, British Virgin Islands. Here are some surprising names on the crypto exchange's long list of creditors. He recruited its first lawyers and joined FTX staff in meetings on Capitol Hill. The prime minister of the Bahamas was also listed. Under the leadership of Sam Bankman-Fried, also known as SBF, the investors in his company believed the exchange to be completely liquid, but behind the scenes, the relationship between Alameda Research and SBFs exchange caused one of the worst collapses in the history of global finance. Subscribe here. Crypto is highly volatile. Bitcoin and other crypto prices have weakened since the news emerged, with total crypto market cap down 1.93% to $821 billion. Cryptonews conducted an exclusive interview with CEO Nicolas Louvet a week or so ago. It did not give details of the nature or amount of monies owed. Nov 20 (Reuters) - Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. Joseph advised FTX. Please learn about the complete disclosure here: Disclosure. Our new weekly Impact Report newsletter will examine how ESG news and trends are shaping the roles and responsibilities of todays executivesand how they can best navigate those challenges. OPINION & FAIR USE: This blog may contain opinion. . Terms & Conditions. Transactive has been cut off by the Bank of Lithuania, after it found significant violations and shortcomings of the Law on the Prevention of Money Laundering and Terrorist Financing. Transactive had apparently been giving accounts to a long list of low-quality institutions in low-quality jurisdictions. For your convenience, we still have banking. These transactions, it said, include a $16.7 million Bahamian real estate purchase under the name of Bankman-Fried's parents, Joseph Bankman and Barbara Fried. Bitnation.co 2023. The names of nearly 9.7 million FTX customers with funds stuck on the exchange were however redacted from the document. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices 4 min read The FTX Arena in Miami seen from above. REUTERS/David Dee Delgado/File Photo. According to the filings, the highest debt to a single creditor amounts to $226 million. FTX said on Thursday that the list was meant to ensure the broadest possible outreach to potential stakeholders in its bankruptcy, and that FTX does not necessarily owe money to each name on the creditor list. Neither designation guarantees customers will get their money back soon, if at all. Investor and entrepreneur Mike Novogratz stated that he would like to punch SBF for his actions. In the US, bankrupt companies are required to disclose information about their debts as part of insolvency proceedings. Ray characterized governance at FTX as a "complete failure of corporate controls" and the worst he had ever seen in his career, which includes clearing up the mess after the infamous Enron collapse in 2007. Judge Kaplan has told both sides to chill. The top 10 creditors alone are owed $100 million-plus each and are likely to include hedge funds and other financial companies that traded on the exchange, as well as crypto entities such as lenders. Research site Messari puts DCG's disclosed VC investments at 114. [Twitter; Offshore CorpTalk; Bank of Lithuania, in Lithuanian], Before Crypto.com got kicked off Silvergate, it used to get US dollar deposits via an oddly roundabout method: customers would send USD to Circles account at Silvergate, and Circle would mint that much USDC and send the USDC to Crypto.com. The complete list of creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a wide range of global companies. Thank for ALL that you are and do . FTX TRADING LTD., et al.,1 Debtors. Litecoin (LTC) Price Prediction 2023, 2024, 2025 to 2030: Can, Celsius Debtors Granted Permission to Convert Altcoins to Bitcoin and, Litecoin (LTC) Halving Date, Price History and Countdown, Fidelity Resubmits Application for Bitcoin ETF, Joining BlackRock and Others, UKs Financial Services and Markets Act 2023 Recognizes Crypto as, Maverick Protocol (MAV) Price Prediction 2023, 2024, 2025 to 2030, Kaspa Price Prediction 2023, 2024, 2025 to 2030: Is KAS, Xen Crypto Price Prediction:2023, 2024 2025 to 2030: Can XEN, Is Bitcoin the Preferred Choice for Illicit Activities? Theyve requested an order pursuant to Rule 2004 here too under seal, because the information in the motion could reveal or lead to evidence that will reveal the identity and activities of the perpetrator(s). It sounds like they already have a very good idea who was behind the hack. About 330 employees will be let go from the firm, which has offices in Africa, Asia, and Europe. Theres a $75 trillion reason the economy wont crash into a recession, top economist says: Baby boomers pent-up net CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. And now that FTXs creditors list has been made public, showing that the company owes money to a wide range of creditors including top banks and financial institutions. In the notice filed with the court it states; the Top 50 List is based on the Debtors currently available creditor information, including customer information that was able to be viewed but is not otherwise accessible at this time. Sam Bankman-Fried's bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each. Hey, no need for anyone to look over our shoulder while we decide who gets this pile of money, because credentials makes no sense. Top editors give you the stories you want delivered right to your inbox each weekday. "We are Bodybuilding.com. Fong posted full text of the leaked bids. (pty)(1 case) 22-11074-JTDFTX Japan Holdings K.K.1111/11/22DebtorN / AFTX Japan K.K. In September 2021, FTX purchased the ZUBR derivatives exchange for $11 million. ..Yes, the names of the CREDITORS have been redacted. The recent filing of FTX reveals that various state Departments of Revenue in the United States are listed as creditors, including those from states such as Texas, Minnesota, California and Connecticut. Among FTX's other creditors include Bodybuilding.com, an Idaho-based retailer that sells bodybuilding supplements. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The top two creditors are owed $226 million and 203 million. Compiling separate creditor lists for each individual Debtor would consume an excessive amount of the Debtors limited time and resources at this critical time, the filing read. Buy Dash 2 Trade in presaleBuy RobotEra in presale. Documents say that the Debtors continue to review personnel issues and anticipate, based on the nature of the Debtors businesses, that a large number of Employees will need to continue to work for the Debtors for the foreseeable future.. By clicking Sign up, you agree to receive marketing emails from Insider Please enter your username or email address to reset your password. FTX-linked entities owe their single biggest unsecured creditor more than $226 million, according to a redacted list of top 50 creditors filed late Saturday. According to the records, millions are still owing to companies like Bankhaus Scheich Wertpapierspezialist AG, Blockchainfonds II GmbH & Co. K. The Kroll documents also contain a list of 102 debtors, including many companies linked to Alameda Research and FTX, who have filed for Chapter 11 bankruptcy protection and requested joint administration of the relevant case. It's the list everyone has been waiting for, minus 9.7 million redacted customer names. Your email address will not be published. The U.S. Department of Justice's bankruptcy watchdog has called for an independent investigation into its collapse, a request that received backing from a bipartisan group of U.S. senators. Chapter 11 . FTX.com), and its affiliated debtors . Read about our full privacy policy here: Privacy Policy. FTXs bankruptcy comes after two other crypto companies, Celsius and Voyager Digital, filed for bankruptcy earlier this year, likely dragging their customers into lengthy processes as they seek repayment. The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) and U.S. Internal Revenue Service (IRS) are among those on the new list of creditors. The company streams live broadcasts of bodybuilding competitions, posts workout plans, and has a fitness-themed social network. Also, total FTX employee headcount at the time of the petition declaring bankruptcy was 330 persons based in 29 countries, in addition to contractors. The top two creditors are owed $226 million and 203 million. Sam Bankman-Frieds bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each. Contribute to our Patreons heres. Thank you for the research. Powered and implemented by Interactive Data Managed Solutions. The numbers were disclosed as FTX requested that multiple FTX group companies . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Custodia is a special purpose depository institution, chartered by the state of Wyoming, which does not have federal deposit insurance. Media outlets that are owed money by FTX include the New York Times, the Wall Street Journal, and CoinDesk. FTX owes its 50 biggest creditors more than US$3.1 billion, including US$1.45 billion to its top 10 creditors, according to a court filing in November. All the creditors of the exchange were listed in alphabetical order, confirming that major media and tech firms, along with crypto companies and US and international government agencies, had exposure to the exchange. The exchange was registered in Gibraltar. All of them were listed as customers and ten have claims of more than $100 million each, the filings show. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best Crypto to Buy Now","children":[]}], FTX Latest Crypto Prices Fall as Filings Show Top 50 Creditors Are Owed $3.1 Billion, 2 Owed More than $200 Million Each, exclusive interview with CEO Nicolas Louvet. The creditors, whose names and locations werent disclosed, are among thevast arrayof people and institutions caught up inFTXs insolvency. In other court documents, it has come to light that Caroline Ellison, Gary Wang and Nishad Singh have been sacked. FTX Reveals Top 50 Creditors Are Owed $3.1 Billion, Seeks To Keep Their Names Confidential, now asking the judge to keep the names of the companys creditors. The FTX creditor. He has worked at Reuters since 2014, with a previous posting to Tokyo where he uncovered abuses in Japans immigration system and won a joint Overseas Press Club award for reporting on the tobacco giant Philip Morris. LedgerPrime Bitcoin Yield Enhancement Fund, LLC, 105. Notably, the Chicago Mercantile Exchange and the U.S. Commodity Futures Trading Commission (CFTC) are also among FTXs creditors. See here for a complete list of exchanges and delays. The exchange also owes money to government agencies in Japan, Australia, and Hong Kong. Creditors werent told about the other bids. The 116-page document, filed by the company late Wednesday (Jan. 25), shows that FTX owes money to investment firms, tech companies, banks, media outlets, state governments, the finance. A number of prominent crypto companies are included among FTXs creditors, including Galaxy Digital, Coinbase, Binance Capital Management and Circle. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Its pretty standard practice for debtor and UCC to object due to the costs involved. FTX is also seeking information about political donations connected to Bankman-Fried, asking wide-ranging questions about Mind the Gap, a political action committee founded by Barbara Fried, and Guarding Against Pandemics, an advocacy organization founded by Sam Bankman-Fried and his brother, Gabriel Bankman-Fried. FTX TURKEY TEKNOLOJ VE TCARET ANONM RKET, 104. Oh no! Bitcoin has slipped 1.2% in the past 24 hours, trading at $16.497, Ethereum is down 3% at $1,166 and Dogecoin off 6% at $0.079. The notable crypto and Web3-related companies that are currently owed money by FTX include Coinbase, Galaxy Digital, Yuga Labs, Circle, Bittrex, Sky Mavis, Chainalysis, Messari, and entities of Binance. Or, in upper crust fashion, cut all manner of Reasonable side deals with favored Serious Professional parties, who will skim as much as they can (e.g. [letter, PDF; order, PDF], Dirty Bubble has found another link between FTX and the fraud-riddled binary options industry. accused SBF of mishandling FTX customer funds, World Health Organization to declare aspartame, the sweetener in Diet Coke, a possible carcinogen, Cruise ship that lets you live onboard for 3 years for $38,000 per year will accommodate more passengers. The 50th largest creditor is owed $21.3 million. In total, the unsecured claims amount to $3.1 billion. Your email address will not be published. [Twitter; crypto.com, archive], London-based crypto exchange Luno, a subsidiary of DCG, is laying off 35% of its staff. It includes investment banks, such as Goldman Sachs and JPMorgan; media companies, such as the New York Times and Wall Street Journal; commercial airliners, including American, United, Southwest, and Spirit; as well as several large tech players, including Netflix, Apple, and Meta. Those following the Celsius disaster will recognise this as Alex Mashinskys very dumb and bad Kelvin Plan from September 2022. The amount of money (or money) involved has been flat for months, and most importantly you cant get the ridiculous yields you could in the bubble. Zach Bolinger/AP Images FTX. Required fields are marked *. Fast forward to Saturday when in a surprise twist, the Enron liquidator isnow asking the judge to keep the names of the companys creditorsand customers(which we assume have been identified), confidential in order toprotect the estate or any entity in respect of a trade secret or other confidential research, development or commercial information.. Tom covers crypto companies, regulation and markets from London, focusing through 2022 on the Binance crypto exchange. NEAR Foundation and Alibaba Cloud Join Forces to Boost Web3 Development in Asia, Brazilian Hospital Will Accept Crypto Pay in National First, South Korean Court Rules That Bitcoin Is Not Money And Cryptos Not Subject to Interest Rate Rules, Crypto Trading Crucial to Virtual Asset Ecosystem, Says Hong Kong SFC Chief, Trending Crypto Coins - Pepe, Polygon, Psyop, Tweety, Wagner Inu Pumping on DEXTools, Crypto Firm Wintermute Entangled in Lawsuit Against Celsius Network. Bankman-Fried and certain FTX employees lived in a $40 million penthouse in Albany, an exclusive private community in Nassau. In that light, the objection to an examiner looks suspicious. This is how Farnan was rewarded for resigning on the case two weeks before trial and letting Judge Leonard P. Stark in. Chainalysis joins FTX exposure list. The firm proposed to engage in novel and untested crypto activities that include issuing a crypto asset on open, public and/or decentralized networks., Crypto.coms old gateway for GBP and EUR was Transactive Systems of Lithuania. However, the poor record-keeping by FTX means that new CEO John Ray cannot be absolutely sure that the top 50 list is accurate. Our Standards: The Thomson Reuters Trust Principles. Your EUR and GBP sent to Crypto.com via Transactive are probably now stuck. FTXs lawyers have questions. If by hand delivery, or overnight courier: FTX Trading Ltd. Claims Processing Center. DCG is the largest conglomerate in crypto and owns news site Coindesk as well as having investments in as many as 200 companies, according to some estimates. [Business Wire]. West Realm Shires Financial Services Inc. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. Join us to keep track of news: https://linktr.ee/coincu, 2021 COINCU Financial Group Inc. Exclusive news, data and analytics for financial market professionals, Reporting by Noele Illien in Zurich, Tom Wilson in London and Dietrich Knauth in New York Ontario Teachers Pension Plan, Tom Brady and other individuals, and venture investors like Paradigm, SoftBank and Sequoia Capital. However, some names can be mentioned as JPMorgan Chase Bank, Circle, Bank of America, Meta, or individuals like Kevin OLeary and Tom Brady. Last week, FTX founder and CEO Sam Bankman-Fried stepped down and the company appointed as CEO John J. Ray III, who has helped creditors recover funds from troubled firms including Enron. 22-11068 (JTD) (Joint Administration Pending) NOTICE OF FILING OF CONSOLIDATED LIST OF TOP 50 CREDITORS . LedgerPrime Bitcoin Yield Enhancement Master Fund LP, 106. 574 Filed 01/25/23 Page 11 of 116 Consolidated List of Creditors Name Address1 Address2 Address3 Address4 City State PostalCode Country We will be drilling down. When visiting the FTX offices in the Bahamas, he and Barbara stayed in a $16.4 million house with its title in their names. Update, Nov. 15, 2022: This article has been updated to add mention of a filing asking to consolidate dozens of FTX-associated bankruptcy cases. While bankruptcy code usually would require FTX and its associated companies to file a list of the top 20 creditors for each debtor entity, such as FTX, FTX US, and Alameda Research, its lawyers have requested permission to file a consolidated list of the top 50 people and organizations owed because the companies have so much overlap. https://cases.ra.kroll.com/FTX/Home-DownloadPDF?id1=MjMxNDUwMA==&id2=-1, https://cases.ra.kroll.com/FTX/Home-DocketInfo. Dirty also notes interesting connections between ZUBR and Prokopenyas other entities in his story. Many ad hoc creditors were disappointed that the Binance bid was rejected but it shouldnt be surprising, given the issues that Binance is already having with its bid for Voyager. FTX said last year it owed its 50 biggest creditors nearly $3.1 billion. as well as other partner offers and accept our. Zilliqa Planned Upgrade On July 5 Deposits And Withdrawals Will Be Stopped. [SFGate], Celsius has rejected the Binance US bid for Celsius assets, and four other bids. Indeed, if history is a guide, the cost could near or exceed $100 million. They point out that it is difficult to imagine an examiner candidate whose qualifications exceed those of Mr. Ray. Which is a good point. The owner of the nursery declined to comment when reached by phone. Meanwhile, in France respected broker Coinhouse revealed that it has exposure to Genesis and as a result is stopping withdrawals from its flagship Savings Account. I do not believe you can trust anyone associated with the big Corporations, Wall Street and Big Banks. FORTUNE may receive compensation for some links to products and services on this website. FTX owes creditors $3.1 billion, court documents show, FTX-Trading-Top-50-Creditors-List-REDACTED, FTX-Trading-Ltd.-Bankruptcy-DOCKET-Internal-CM_ECF-Live-Database, FTX-Trading-Ltd.-List-of-Debtors-in-Possession-in-U.S.-Chapter-11-Proceedings, FTX-Trading-Ltd.-Pending-Bankruptcy-Cases-Filed-by-the-Debtor-and-Affiliates-of-the-Debtor, Related-FTX-Cases-Filed-Internal-CM_ECF-Live-Database. The UCC concurs. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Offers may be subject to change without notice. Interestingly, the debtors of the company recently identified $5.5 billion in digital assets and want to sell these assets to get a fraction of their investments. A Tuesday filing puts that number at more than 1 million. They also got cut off from the UK Faster Payments system. Additionally, investment firms such as Pantera Capital, Sequoia Capital, BlackRock are also listed as creditors. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Are we in a bull market or a bear market for stocks? [ Updated to reflect that it wasn't . Quartz Smart Investing: Elyse Ausenbagh Part 2.