Article 68900 AWS, Microsoft, Google Among Businesses Owed Money After FTX Collapse

AWS, Microsoft, Google Among Businesses Owed Money After FTX Collapse

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msmash
from Slashdot on (#68900)
AWS, Google and Microsoft are among creditors owed money after the FTX crypto exchange filed for bankruptcy in November. From a report: Since the once-hyped company went south, founder and former CEO Sam Bankman-Fried was arrested in the Bahamas in December, with charges including campaign finance violations and money laundering offences. He has maintained his innocence. In the meantime, Judge John Dorsey, overseeing the case, said names of creditors owed money should not be published until after a hearing in early January. Although names of individual investors have not been released, companies and institutional investors have been published. Among them are a long list of enterprise tech companies presumably providing FTX's supporting technology. Cloud providers AWS, Microsoft and Google are among them. Data analytics platform Looker -- owned by Google -- is also on the list, as is marketing software HubSpot, file-sharing outfit Dropbox, and code repository GitHub. Device manufacturer Apple and webhosting firm GoDaddy are also named. It is impossible to say how much each company might be owed, although FTX has said $3.1 billion was outstanding to its top 50 creditors. Estimates suggest there are in the region of 1 million creditors, with the greatest two single claims being $226 million and $203 million.

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