A United States trustee has announced nine creditors for the committee responsible for part of the bankruptcy proceedings of the FTX exchange.
According to court documents filed on Dec. 15, US trustee Andrew Vara named cryptocurrency market maker Wintermute Asia among the members of the “Unsecured Creditors Committee.” Other creditors include individual investors, cryptocurrency hedge fund Coincident Capital, GGC International, a subsidiary of lending platform Genesis, Pulsar Global, Wincent Investment Fund and Octopus Information.
The committee will represent creditors who have lost funds or have been affected by FTX’s bankruptcy. The company’s bankruptcy filing on November 11 suggests there may be a million creditors.
The creditor naming preceded a Dec. 16 hearing on FTX’s bankruptcy that is expected to address the exchange’s $135 million deal in 2021 to rename the Miami Heat’s stadium FTX Arena. At press time, the location still displayed the FTX logo and branding, despite the company filing for Chapter 11 bankruptcy on November 11. Another bankruptcy review is expected to take place on January 11 in the District of Delaware.
Former FTX CEO Sam Bankman-Fried, who was not involved in the bankruptcy proceedings, was booked into Fox Hill Prison in the Bahamas after a December 13 bail hearing. He currently faces charges from the US Department of Justice, the Commodity Futures Trading Commission and the Securities and Exchange Commission related to defrauding investors and lenders.
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