Chainalysis is a creditor in the FTX bankruptcy case: what's next?
Cryptocurrency analytics firm Chainalysis has revealed that FTX owes it money as part of the beleaguered cryptocurrency exchange's bankruptcy proceedings.
Chainalysis was listed as a creditor in filings filed in Delaware bankruptcy court on Wednesday, and it requested that all relevant documents be turned over to its attorneys.
The partnership between blockchain analytics firm and FTX dates back to at least 2019 when they collaborated to update anti-money laundering (AML) and anti-money laundering procedures. know-your-customer (KYC) of the exchange.
When FTX last updated their website help page in August, the connection was made.
Chainalysis was one of 53 companies FTX acknowledged doing business with Forbes earlier this year.
Major accounting firms Deloitte and PwC, payment processor Stripe and a number of law firms are also on the list.
However, the documents do not disclose how much money FTX owes him.
Also read: Binance temporarily suspends USDT and USDC deposits on Solana blockchain, resumes later
List of companies exposed to FTX
FTX said there could be more than a million people with claims in the case, but plans to release a list of its "top 50 creditors" by end of this week.
A few companies have already revealed their own involvement with FTX, whether in the form of loans, investments on one of its platforms, or holding the FTT token.
According to Binance CEO Changpeng "CZ" Zhao, his company still has a substantial stockpile of FTT FTT/USD tokens.
BlockFi, a cryptocurrency lender, said this week that it had "substantial exposure" to FTX and was considering filing for bankruptcy and making layoffs.
Alameda Research owes $4.1 billion to various parties
Meanwhile, in a statement filed in Delaware bankruptcy court, new FTX CEO John J. Ray III revealed that bankrupt company Alameda Research owed a total of $4.1 billion to various parties.
Euclid Way Ltd, one of the companies subject to FTX's bankruptcy filing, loaned $2.3 billion to Paper Bird Inc.
In addition, Alameda Research loaned $1 billion to FTX founder Sam Bankman-Fried, $543 million to FTX engineering director Nishad Singh, and $55 million to dollars to FTX Co-CEO Ryan Salame.
Next: New FTX Chief Appalled by Crypto Exchange Mismanagement Under Sam Bankman-Fried
Photo: Pixabay
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cryptocurrency analytics firm Chainalysis has revealed that FTX owes it money as part of the beleaguered cryptocurrency exchange's bankruptcy proceedings.
Chainalysis was listed as a creditor in filings filed in Delaware bankruptcy court on Wednesday, and it requested that all relevant documents be turned over to its attorneys.
The partnership between blockchain analytics firm and FTX dates back to at least 2019 when they collaborated to update anti-money laundering (AML) and anti-money laundering procedures. know-your-customer (KYC) of the exchange.
When FTX last updated their website help page in August, the connection was made.
Chainalysis was one of 53 companies FTX acknowledged doing business with Forbes earlier this year.
Major accounting firms Deloitte and PwC, payment processor Stripe and a number of law firms are also on the list.
However, the documents do not disclose how much money FTX owes him.
Also read: Binance temporarily suspends USDT and USDC deposits on Solana blockchain, resumes later
List of companies exposed to FTX
FTX said there could be more than a million people with claims in the case, but plans to release a list of its "top 50 creditors" by end of this week.
A few companies have already revealed their own involvement with FTX, whether in the form of loans, investments on one of its platforms, or holding the FTT token.
According to Binance CEO Changpeng "CZ" Zhao, his company still has a substantial stockpile of FTT FTT/USD tokens.
BlockFi, a cryptocurrency lender, said this week that it had "substantial exposure" to FTX and was considering filing for bankruptcy and making layoffs.
Alameda Research owes $4.1 billion to various parties
Meanwhile, in a statement filed in Delaware bankruptcy court, new FTX CEO John J. Ray III revealed that bankrupt company Alameda Research owed a total of $4.1 billion to various parties.
Euclid Way Ltd, one of the companies subject to FTX's bankruptcy filing, loaned $2.3 billion to Paper Bird Inc.
In addition, Alameda Research loaned $1 billion to FTX founder Sam Bankman-Fried, $543 million to FTX engineering director Nishad Singh, and $55 million to dollars to FTX Co-CEO Ryan Salame.
Next: New FTX Chief Appalled by Crypto Exchange Mismanagement Under Sam Bankman-Fried
Photo: Pixabay
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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