FTX Owes Funds To Apple, Google, Netflix, and Yahoo

The public creditor list of FTX is now open to the public.
The list is over 115 pages long and lists all potential creditors.
FTX owes many Fortune 500 companies a lot of money.

Despite its massive rush to recover lost funds, FTX still owes many potential creditors millions in funds. According to FTX’s 115-page long list of potential creditors, the exchange owes tons of big name brands a lot of money.

Read CRYPTONEWSLAND on

google news

To highlight a few of these companies, the now-staggering crypto exchange owes Apple, Google, Verizon, Binance, Coinbase, Southwest Airlines, Netflix, Yahoo, BlackRock, and many more. In fact, this list holds many Fortune 500 names as well as Gisele Bündchen’s charity.

According to the tweet above, it is clear that FTX owes big money to many top brands around the world. These lost funds are affecting companies within and outside the crypto space. Since the company’s public creditor list is open to all, the reaction from the Twitter crypto space has been interesting.

Many crypto users continue to show their fury and disappointment towards FTX. Despite the broken exchanges attempts to make it up to their customers, it seems that the brand has been forever tainted. Any plans for reconciliation may have a long way to go.

Just recently, FTX managed to recover around $3.8 billion worth of its crypto assets lost during the fiasco. Of the funds recovered, over $1 billion came from recovered SOL, FTT, BTC, ETH, APT, DOGE, ATIC, BIT, Ton, and XRP.

In addition, over $245 million came in the form of stablecoins. Another $1.2 billion was found held in third-party exchanges. A total of $1,761 million came from hot walleys and $1,144 came from BitGo cold storage.

FTX’s backup plan was to sell altcoins worth $4.6 billion. The crypto market could have experienced another major dump if this took place. Instead, the exchange is doing all it can to recover assets. More funds were found in the Bahamas as well.

Presently, FTX lawyers are aiming to go after SBF’s family instead. Ultimately, the lawyers hope to gain some hidden wealth from the family to make up for the losses the exchange went through over the past few months.

Recommended News:

Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.