New Filing Shows FTX Owes Money To Binance, Apple, Netflix, WSJ And Many More
The legal representatives for the bankrupt cryptocurrency exchange released a detailed list of creditors that encompasses media organizations, airlines, educational institutions, and charitable organizations.

Valentin
March 13, 2023
Recent court documents reveal that the bankrupt crypto exchange FTX has debt to well-known companies such as Apple, Binance, Coinbase, Netflix, and more. These names were made public in a comprehensive list of FTX creditors that was released today, showcasing the significant extent of FTX’s reach with a 116-page document listing a variety of notable corporations.
A court filing from Wednesday revealed that FTX owes money to a variety of creditors, including media companies, universities, airlines, and charities. The document was submitted by the company’s lawyers as part of the bankruptcy proceedings in the U.S. Bankruptcy Court in Delaware.
The judge overseeing the case, John Dorsey, had earlier permitted the names of individual creditors to be kept confidential for three months, but had requested that a list of institutions that had invested in the company be filed by FTX’s lawyers.

Among the creditors listed were media companies such as the Wall Street Journal, Fortune, Fox Broadcasting, and CoinDesk, as well as prominent crypto firms such as Coinbase and Binance.
CoinDesk, however, has clarified that it is not owed a significant amount and is on the list only due to a podcast sponsorship agreement that was never executed.
The creditor list does not reveal the specific amount of money each entity is owed. However, FTX previously disclosed that it owes around $3.1 billion to its top 50 creditors, as reported by Coindesk. Additionally, the report states that the two largest claims were for $226 million and $203 million.
FTX Team Spent $40 Million On Food, Luxury Hotels, Flights and More In 2022
Another report that was published not too long ago showed how reckless the FTX was spending their money on luxury hotels, flights and other things. Business Insider India reported that according to bankruptcy court documents reviewed by Insider, the crypto exchange FTX spent approximately $40 million in just over nine months on expenses including hotels, entertainment, and flights.
The documents, filed by lawyers, revealed that the company’s Bahamian entity, FTX Digital Markets, generated no customer revenue but spent extravagantly. From January to September 2022, the company is reported to have spent $15.4 million on luxury hotels and accommodation.