Local banks, hotels, law firms, government agencies and thousands of FTX creditors

Nassau, Bahamas — about 100 Bahamian businesses, including local banks A law firm and several brokerage firms in the Bahamas have been listed among the myriad of creditors involved in the collapse of cryptocurrency exchange giant FTX, according to court filings in the U.S. bankruptcy court. made clear in the documentation.

A 115-page document outlining a list of creditors was filed late Wednesday by FTX’s lawyers, saying the collapsed crypto exchange was linked to thousands of businesses around the world, from banks to charities, airlines, news outlets and government agencies. However, it did not state the amounts owed to individual creditors.

The Department of Treasury, Department of Public Works, Department of Environment and Natural Resources, Office of the Attorney General, and Department of Justice were listed.

Other local FTX creditors include Automated Services Ltd, A+ Pest Control, Automated Services Ltd Pyfrom Road, Bahamas Airport Advertising Ltd, Bahamas Asset Tracking Dowdswell Street, Bahamas Environmental Group Ltd, Bahamas Waste Limited Gladstone Battery & Tire Specialists, Cable Bahamas, Design Strong Studio, and more. , Fidelity Bank (Bahamas), Omega Motors, Transformations Landscape, and Viridian Development Group.

Several security firms were also listed, including Falcon Security Company, Park Ridge Security, Harding Security, and Long Watch Security Firm and Consultants. The law firm of Clement Maynard and Co and Glinton Sweeting O’Brien also appeared on his list of FTX creditors.

The Bahamas Reef Environmental Education Foundation (BREEF), an environmental non-profit organization, was also listed.

Earlier this month, FTX founder and former CEO Sam Bankman-Fried was found not guilty in federal court in Manhattan for defrauding investors and illegally diverting large amounts of customer deposits into his Alameda Research crypto hedge fund. claimed. To help grow his own personal gain and his crypto empire.

Provisional trial date of October 2nd. His Bankman-Fried, 30, is under house arrest at his parents’ home in California on a bond of $250 million.

Bankman-Fried was arrested at an Albany apartment complex on December 12, 2022. Albany Hotel, Albany Resort and Albany Resort Operator Ltd are all listed as creditors of FTX.

Earlier this month, FTX Trading Ltd and its related U.S. debtors announced that they had agreed to “mutually cooperate” in recovery efforts with joint interim liquidators appointed by the Bahamas, citing numbers over access to critical information. ended a week-long court battle. A crumbling crypto empire.

FTX announced yesterday that the two sides will cooperate in an agreement in the Chapter 11 litigation in Delaware and the interim liquidation of FTX Digital Markets (FTXDM) in the Bahamas.

FTX Digital Markets was placed into preliminary liquidation by the Supreme Court of the Bahamas on November 10th. The Supreme Court appointed Brian Simms KC of Lennox Paton, Kevin Cambridge of PwC Bahamas and Peter Greaves of PwC Hong Kong as a joint venture. Provisional liquidator. Local banks, hotels, law firms, government agencies and thousands of FTX creditors

Show More
Back to top button