Business Maverick: FTX says Wall Street heavyweights are among its creditors

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 84%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Advisers to FTX say the collapsed crypto company owes a dizzying assortment of firms including Goldman Sachs Group, JPMorgan Chase & Co and Wells Fargo, bankruptcy court documents show.

filed on Wednesday detailing FTX’s creditors contains thousands of entries, and names of individuals are redacted. But the globe-spanning list identifies heavyweights across Wall Street as having some kind of connection with Sam Bankman-Fried’s once-giant exchange.

The list “is intended to be very broad for service purposes and includes parties who may appear in the debtors books and records for any number of reasons,” lawyers for FTX wrote in aDeutsche Bank AG, HSBC Bank and MUFG Bank are also on the list. A representative for Deutsche Bank said the firm had no credit exposure to FTX. Representatives for JPMorgan, Wells Fargo and MUFG declined to comment. HSBC didn’t have an immediate comment.

Other than the banks, named creditors include US governmental departments, both national and international securities regulators, other large crypto firms, media outlets, big tech companies and a global array of law firms and accountants.With the fallout spreading, a federal judge has now approved FTX Group’s request to formally terminate endorsement deals with supermodel Gisele Bündchen, basketball star Stephen Curry’s SC30 and baseball phenomenon Shohei Ohtani, court papers show.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Russian, Iranian hackers pose as journalists in e-mails, UK saysBritish cybersecurity officials are warning that hacking groups linked to Russia and Iran are duping people into clicking malicious links by impersonating journalists and experts.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Ukraine Latest: Russia Strikes as Kyiv Seeks Advanced WeaponryUkraine’s military said Russia launched 55 cruise missiles, including at least two hypersonic weapons, in a new wave of attacks against energy infrastructure and other targets.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Toyota Names New CEO as Tesla-Led EV Shift Threatens Its DominanceToyota Motor Corp. will elevate the head of Lexus to replace long-time CEO Akio Toyoda, who steered his grandfather’s carmaker to the top of the automotive ranks while leaving a lane open for Tesla Inc. to lead in fully electric vehicles.
Source: dailymaverick - 🏆 3. / 84 Read more »