• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Friday, June 6, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

FTX Owes Money to These Wall Street Giants

Maxwell Williamson by Maxwell Williamson
January 28, 2023
in Crypto
Reading Time: 2 mins read
A A
0
FTX Owes Money to These Wall Street Giants
0
SHARES
1
VIEWS
FacebookTweetPinShareShare

In a shocking turn of events, recently-released bankruptcy documents have revealed that FTX is in arrears to thousands of creditors after its sudden downfall last November.

On Wednesday night, a staggering 116-page list of creditors was submitted to the court, featuring prominent Wall Street investors such as Goldman Sachs and JPMorgan. This comes in light of an ongoing investigation surrounding FTX’s alleged fraudulent activities. The lengthy document contains businesses, charities, and individuals – all affected by this scandalous affair.

The list of creditors also includes a variety of media companies, such as the New York Times and Wall Street Journal; commercial airliners, including American, United, Southwest, and Spirit Airlines; in addition to tech giants like Netflix, Apple, and Meta.

blockdag 70m

We Know Who Owes FTX, But How Much It Owes It’s A Enigma

On Thursday, lawyers for FTX submitted a supplementary document to the court asserting that their list – referred to as a creditor matrix – is “meant to be expansive” and consists of those who may appear in FTX or its affiliates’ books and records regardless of the reason. In short, appearing on this roster does not necessarily signify one’s status as an actual creditor of either entity.

We Know Who Owes FTX, But How Much It Owes It's A Enigma

The magnitude and origin of the debt are undisclosed in the document, while FTX has asked for redaction for certain names of individual creditors – largely customers who had deposited funds on their site. It’s key to note that being included on this list doesn’t necessarily mean they did business with FTX. Reports indicate that FTX is believed to have more than a million creditors, with the top 50 owed a staggering collective total above $3 billion.

Federal Prosecutors Continue Fraud Investigation into FTX’s CEO

US prosecutors assert that Sam Bankman-Fried, the former CEO and founder of FTX, perpetrated an immense fraud by pilfering customer funds to make up for losses at his hedge fund firm, Alameda Research. They further allege he utilized stolen money to purchase luxury properties and donate to US political campaigns.

Bankman-Fried, who was detained in December and is currently under house arrest at his family’s California residence, proclaimed not guilty to eight criminal charges recently. He has continuously refuted participating in fraudulence, and is planned for a trial this October.

Bankman-Fried has been implicated in criminal activity by two of his former business partners, both of whom have pled guilty to fraud and conspiracy charges. The associates are now working with prosecutors from the Southern District of New York to provide evidence against Bankman-Fried.

You may be interested in: Ethereum Fees Approached $39k

Tags: fraudftxsam bankman fried
Previous Post

Five Companies Bid on Celsius Crypto Assets

Next Post

New Front in the Chip Wars: Netherlands and Japan Take New Measures

Maxwell Williamson

Maxwell Williamson

I am Maxwell - my friends call me Maxy, graduated from Pomona College in Economics. I have a highly quantitative and analytical background with work experience in corporate finance, valuations, and strategic advisory services. My diverse background has allowed me to gain experiences in various industries geographies and enabled me to acquire an international and comprehensive perspective. Through my experiences in work, school, extracurricular activities, and sports; I gained essential leadership and collaborative skills that helped me to grow strong interpersonal and problem-solving skills. In addition to the analytical areas such as finance and data science, I love being creative and I learned JavaScript to design my own website and some web applications in order to use my deep learning models. Currently, by sharing financial analyzes in different news channels, I guide readers on how to make conscious investment strategies.

Next Post
New Front in the Chip Wars: Netherlands and Japan Take New Measures

New Front in the Chip Wars: Netherlands and Japan Take New Measures

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.