The full list of creditors of the insolvent crypto exchange contains some eye-opening surprises, finews.com has discovered. Prominent Swiss finance and law firms are entangled in FTX's demise.
Lawyers for insolvent crypto exchange FTX have filed the full list of creditors with the US Bankruptcy Court in Delaware. The 115-page document, released late Wednesday night, lists a host of companies and government institutions involved in the collapse of the company formerly run by Sam Bankman-Fried.
Among the prominent names listed, those from Switzerland and Liechtenstein also appear.
Several companies and institutions domiciled in Switzerland are listed, among which are Swiss branches of foreign companies. Three creditors are listed from Liechtenstein. The names of nearly 9.7 million FTX customers whose funds were stuck in the market have been redacted in the document.
Prominent Swiss Names
The document contains some surprises. The Swiss Financial Market Supervisory Authority (Finma) is on the list of creditors, as is the Liechtenstein Financial Market Authority (FMA), along with the insurer Zurich. Prominent law firm Baer & Karrer and its industry peers MLL Meyerlustenberger Lachenal Froriep and Lenz & Staehelin are also involved in the FTX bankruptcy.
Finma for its part, told finews.com it was not involved in the compilation of the list and cannot explain why it is listed, while adding that FTX never obtained a Finma license.
«We can rule out the possibility that Finma itself was a client of the company or that it traded on platforms of the company,» it wrote in an email. Nor does it have outstanding invoices in the company's name.
Also on the list are crypto companies, such as Seba Bank and the crypto subsidiary of Deutsche Boerse, Crypto Finance. Bern-domiciled Treuhand Suisse's appearance on the list is surprising and other Swiss names include Andromeda Capital Advisors (Switzerland) and Turicum.
Most of the Swiss creditors are from the canton of Zurich, but names from Zug's Crypto Valley standing out include Tezos, Xterio, and Status Research & Development, which operates in the IT services sector.
The Journal Among the Creditors
It may be of little comfort to the affected Swiss companies to know that big tech company such as Apple, Netflix, Amazon, Meta, Google, Linkedin, Microsoft, and Twitter are also affected by the demise of FTX. Among US media, illustrious names such as the New York Times, the Wall Street Journal, and Coindesk are among those affected.
Tax authorities in several US states and the Internal Revenue Service (IRS) were also listed. Other government agencies, including those in Japan, Australia, and Hong Kong, are also creditors.
Update 27.01.: A spokesperson on behalf of Seba Bank contacted finews.com to say that the bank currently has no business relationship with Alameda Research or FTX.
