FTX Update | 1/11 Evening Hearing, List of Creditors Revealed: Tezos Foundation, Coinbase

FTX bankruptcy case will hold a hearing on the evening of 1/11 Taiwan time, with the disclosure of a list of creditors including major equity holders such as Coinbase, Kevin O’Leary, Tom Brady, etc. Additionally, the bankruptcy team has requested to terminate FTX's office lease near the White House.

Hearing Live Stream

The court hearing will take place at the Delaware Court on 1/11 22:00 Taiwan time and will be live-streamed on YouTube.

The bankruptcy team has submitted many motions, including hiring different firms as financial advisors, investigative advisors, lawyer representatives, etc.

According to Decrypt, one of the motions mentioned that SBF has requested the court's approval to change its lawyer representation to the law firm Montgomery McCracken Walker & Rhoads LLP.

However, when SBF previously requested the court to stop the seizure of its $400 million Robinhood shares, the legal representative at that time was already Montgomery McCracken Walker & Rhoads LLP.

Main Creditors Revealed

Legal documents show creditors including:

• Asset management company Blackrock

• NFL quarterback Tom Brady: 1,144,861 common shares

• Developer Tezos Foundation: 222,930 common shares

• Exchange Coinbase: 5,284,899 common shares and preferred shares

• Venture capital KPC Venture Capital: 634,144 common shares and preferred shares

• Supermodel, Tom Brady's ex-wife Gisele Bündchen: 686,761 common shares

• Venture capital Pantera Ventures: 1,186,559 common shares, 190,767 preferred shares

• FTX spokesperson's company O’Leary Productions: 184,061 common shares and preferred shares.

FTX spokesperson Kevin O’Leary stated that SBF claimed: Binance caused FTX to deplete funds, Zhao Changpeng refuted it as outrageous

FTX Office Lease Near the White House

The FTX restructuring team seems to be trying to scrape up any potential residual cash left by SBF. West Realm Shires, the parent company of FTX.US, has a lease of five and a half years for the office it rented in Washington, near the White House, the U.S. Treasury Department, and the Capitol Building.

Initially, on 8/3/2022, West Realm Shires paid a $32,000 deposit. According to Decrypt, the FTX legal team is now proposing to terminate the lease, allowing the landlord to retain the deposit without making any additional claims.