Finma, Zurich and Co.
List of creditors from the FTX bankruptcy reaches as far as Switzerland
The extensive list of creditors from the bankruptcy of the former second largest crypto exchange FTX extends as far as Switzerland. In addition to some local crypto companies, there are also other Swiss financial companies and the financial market supervisory authority Finma.
30-year-old FTX founder Sam Bankman-Fried was arrested in the Bahamas in December and extradited to the United States.
The release of the 115-page list by the FTX bankruptcy trustee earlier this week shows the global impact of the crypto exchange collapse. In addition to large crypto companies such as Coinbase or Binance, you can also find large global companies and authorities from the USA and other parts of the world.
However, the Swiss financial market supervisory authority cannot explain why Finma is also on the list of creditors – it was not involved in compiling the list itself, a Finma spokesman confirmed on Friday information from the “Finews” platform and the “Neue Zürcher Zeitung”. ». “We can rule out that Finma itself was a customer of the company or acted on the company’s platforms.”
That’s what finma says
An obvious explanation would be that FTX or its subsidiaries would still have unpaid fees from the Swiss supervisory authority due to license applications. However, the Finma spokesman emphasized that Finma had no outstanding invoices in the name of the company. FTX also never had a license from Finma, he confirmed.
Not surprisingly, local crypto companies such as Bitcoin Suisse or Bank Seba can also be found on the list of creditors. Bank Maerki Baumann, which is heavily involved in cryptocurrencies, is also listed.
Insurer Zurich also has claims
But local financial groups such as Zurich Insurance or two US branches of the big bank UBS apparently also have claims on the insolvent crypto exchange. Apparently, large law firms such as Lenz & Stähelin or Bär&Karrer can also register claims on the FTX.
The list is also prominent internationally with the technology groups Apple, Microsoft, Google and Meta. But large US media companies such as Bloomberg, the New York Times and the Wall Street Journal are also on the list.
The Bahamas-based crypto exchange FTX collapsed last November, leading to a sustained tremor in the crypto markets. 30-year-old FTX founder Sam Bankman-Fried was arrested in the Bahamas in December and extradited to the United States. The US authorities accuse him of defrauding investors and embezzling billions of dollars in customer funds. (SDA)