Netflix, Fox, Bleacher Report, Coachella Music Festival On Very Long List Of FTX Creditors In Crypto Firm Bankruptcy

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27.01.2023 - 00:55

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deadline.com:

A parade of media and tech companies are apparently owed money by FTX along with hundreds of other creditors, according to an extensive list that runs from banks, insurers, hedge funds, airlines and hotels to universities, federal agencies and every state in the nation from Alabama to Wyoming.

Creditors run 116 pages of small print in a bankruptcy filing in Delaware by the collapsed cryptocurrency exchange.

Media and entertainment names include Netflix, Fox, CAA Sports, WME Entertainment, Turner, Bleacher Report, Bloomberg, The New York Times, The Wall Street Journal, Sirius XM and the Coachella Music Festival. Other creditors run the gamut from Amazon to Apple, Amtrak and AT&T, Comcast to Conde Nast, Google to Goldman Sachs to Gamestop, Meta to Marriott to the Metropolitan Museum of Art to Mercedes Benz to the Miami Heat Charitable Foundation. Twitter is there, Time Magazine and Thompson Reuters. There’s Peloton, The Container Store, the Nasdaq, U.S. Department of Labor, the DOJ. Verizon and Virgin Atlantic. WeWork. League of Legends Championship Series. Reddit, The Real Deal.

The list, called a “credit matrix” is alphabetical with no dollar figures or explanation of what’s owed, just names and mailing addresses. It’s required in bankruptcies. Entities listed haven’t necessarily filed claims against FTX, the once hot Bahamas-based cryptocurrency exchange founded and run Sam Bankman-Fried that collapsed in spectacular fashion and filed for Chapter 11 in November. It is said to owe some $3 billion to a million creditors. The names of individual investors have mostly been redacted.

Separately. Bankman-Fried was indicted for fraud last month and is under house arrest at his parent’s home in California. He pleaded not

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