The Swiss Financial Market Supervisory Authority (FINMA) appears on the list of creditors of the cryptocurrency exchange FTX. The platform went bankrupt last November.
The FTX scandal would have claimed a million lives. The list of creditors of this failed cryptocurrency exchange platform – after losing several billion dollars – has been published.
There are prestigious names, such as Goldman Sachs, Deutsche Bank, the Marriott hotel chain and therefore also that of Finma. The latter is not the only regulatory authority to appear in this document: the Japanese regulator FSA, the American network for the fight against financial crime FINCEN or the IRS, the American tax authority, are cited.
Other Swiss companies are also on this list: Zurich-based Bitcoin Suisse and Seba Bank, as well as Zurich-based Maerki Baumann bank. Zurich Insurance and two UBS subsidiaries also allegedly had claims against the insolvent company, as well as the companies Lenz&Stähelin and Bär&Karrer.
Finma claims she has never been a client
FTX went out of business in November, causing billions in losses for its customers. Financial institutions are also numerous in the platform’s list of creditors, such as the bank of Cyprus, of Vietnam, the commercial bank of Dubai or even the central bank of the Bahamas. The document, released by FTX with permission from the Delaware District Bankruptcy Court, is nearly 120 pages long.
However, that doesn’t mean that all of these organizations have lent money to FTX. Everything in this scandal appears complex, if not confused. Contacted by RTS, Finma is categorical: it has never been a client of the cryptocurrency trading platform and has never carried out any transactions there. There is no outstanding invoice in the name of FTX and therefore the FINMA does not understand why it appears in this document.
FTX’s roster also has several flaws. No amount is indicated and no private names appear. On Thursday, FTX released a new document, also cleared by the court. The filing makes it clear that this list is actually a very large compilation of the parties the platform has dealt with. Persons who do not necessarily qualify as a creditor of FTX.
Katja Schaer/gma
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