News JVTech Apple, Microsoft, Google, the collapse of FTX is costing these giants dearly
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The collapse of the FTX platform in November 2022 had a significant impact on players in its industry and much more… In fact, the tech giants from Apple to Microsoft via Google are also paying the price of FTX.
The far-reaching influence of FTX
A few months ago, the crypto sector blamed the downfall of FTX. After the collapse of the second-largest crypto platform, many players in the same ecosystem got into serious trouble — sometimes even going so far as to file for bankruptcy. However, crypto companies are not the only ones suffering from the situation…
While disclosing all of FTX’s customers a few months ago could have caused further damage, water has leaked under the bridge. So we recently learned that the platform offers crypto services for giants of this world.
On January 25, a comprehensive list of all of FTX’s professional creditors was released by lawyers for the defunct company. This hundred-page document shows that the platform ended up being even more influential than we thought.
Well-known customers: Apple, Microsoft, Google and more
In addition to those injured in this extraordinary case, the list shows that FTX owes money to GAFAM or even banks.
In particular, the document mentions debts to:
- Apple
- Amazon
- Meta (Facebook, Instagram)
- Microsoft
- Netflix
- And many others…
The amounts owed are not disclosed there, but the overly long and detailed list is a testament to the influence of the crypto giant. In fact, FTX clearly had customers from diverse and diverse sectors including tourism, aviation, social networks, media, etc.
The list also includes popular media such as the New York Times and the Wall Street Journal. Even more surprising is that French banks like BNP Paribas, Crédit Agricole or Société Générale are also involved. In addition, the document states that FTX has debts to several states, including the United States Internal Revenue Service.
For now, the information disclosed is just the tip of the iceberg as it concerns only professionals for privacy reasons. However, the list certainly includes the top fifty creditors – to whom FTX owes around $3.1 billion, according to the latest news.
However, it is important to keep in mind that in this story, more than 10 million home users have also been victims of the company’s controversial actions of the former managers.
Nothing is certain about FTX’s ability to compensate its former clients, but since the process began, the new leaders have attempted to recover the remaining funds to compensate the numerous victims of this historic case.
