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FTX Trading’s Creditor Forms Reveal Over 1.4 Million International Creditors

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FTX Tradings Creditor Forms Reveal Over 1.4 Million International Creditors

On March 16th, a Twitter user claiming to be a FTX creditor, @ AFTXcredit, said on Twitter that FTX Trading released a creditor form yesterday, with over 2000 pages of PDF files containing each customer’s ID and final account balance. Based on these documents, it is estimated that the number of international FTX creditors is approximately 1.4 million. This is a creditor, not a customer. There are 9.7 million customers. As far as I know, this has made FTX the largest bankruptcy case in history with the largest number of creditors. Note that the customer ID in the file is not a user ID (UID), so if you want to query, you can only check the account balance.

Twitter users: The number of international FTX creditors is approximately 1.4 million

Analysis based on this information:


FTX Trading, a leading cryptocurrency derivatives exchange, recently released creditor forms that contained over 2000 pages of PDF files, according to a Twitter user who goes by the handle @AFTXcredit. This user claims to be an FTX creditor, and has shared that the forms contain information about each customer’s ID and final account balance. Based on these documents, it is estimated that there are approximately 1.4 million international FTX creditors, making this the largest bankruptcy case in history with the largest number of creditors.

It is important to note that these creditors are not the same as customers. FTX Trading has a total of 9.7 million customers, and the number of creditors is significantly smaller in comparison. This implies that FTX Trading has been operating irresponsibly, leading to a scenario where the number of creditors is so high.

Furthermore, it is also important to note that the customer ID in the file is not a user ID (UID). As a result, people who want to inquire about their account balance will only be able to do so, making it difficult to comprehensively understand their exposure to the situation.

FTX Trading’s release of these creditor forms confirms that the company is struggling financially. The large number of international creditors indicates that FTX’s reach extended far beyond the US, where it is based. This news is likely to have repercussions not only for individual traders, but also for the broader cryptocurrency market.

In conclusion, FTX Trading’s release of debtor forms containing information on the company’s creditors has opened up important dialogue concerning the exchange’s financial status. With over 1.4 million international creditors, the situation is dire, and traders and the broader cryptocurrency community must tread cautiously to ensure the safety of their investments.

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