FTX’s list of potential creditors has been revealed to include South Korean government agencies, and others include many well-known South Korean companies, such as Samsung’s investment company, South Korea’s largest law firm, etc…
(Recap:The court exposed that “Apple, AWS” are FTX creditors?Goldman Sachs Denies Document: No Debt Relationship ）
(background supplement:South Korea releases “Security Token STO” listing! Outline of regulations published in early February ）
rootAccording to the court documents submitted by FTX’s current general financial counsel on the 26th, it disclosed a “list of potential creditors” of more than 100 pages, among which well-known international companies such as Apple, WeWork, and the Wall Street Journal can be seen; there are also government agencies in various countries. Including the US states of Alabama and Wyoming.
Yesterday, South Korean public media Yonhap reported that the South Korean government and several well-known South Korean companies were also among them, and their funds may be wiped out.
Further reading:Temasek burns down Congress!Singapore lawmakers to question Lee Hsien Loong about FTX lack of due diligence
South Korea’s environment ministry is also on the list of creditors
According to Yonhapreport, South Korea’s central government agency, the Ministry of the Environment (with powers to protect the natural living environment, prevent and control environmental pollution, etc.) is also listed in the list of potential creditors released by FTX. Following the tracking of local reporters in South Korea, the spokesperson of the Ministry of Environment stated that there was no direct financial transaction with FTX, and that they would negotiate directly with the Delaware Bankruptcy Court in the United States to confirm the details of the list of creditors.
Due to the investment funds under the South Korean Ministry of Environment, it may be involved in the FTX bankruptcy storm in this incident. At present, an additional fund review team has been planned to audit the future operation status of the fund.
South Korean giant Samsung also suffered
In the list of creditors, Samsung Next, an investment company affiliated to South Korea’s Samsung, is also on the list. The company participated in the 2021 FTX round of financing of US$420 million, but on November 29 last year, Samsung Next publicly stated:
The investment in FTX is small compared to Samsung Next’s total working capital and therefore will not have any impact on the company’s operations.
In addition, Kim & Chang, Korea’s largest law firm, is also on the list of creditors, and other Korean companies include shared office service providers The Executive Center and Vantago.
Many government agencies have had dealings with FTX
Not only retail investors prefer FTX’s encryption services, but many national governments have previously chosen FTX as a service provider for encrypted transactions. In the list of creditors released, it can be seen that national government departments also include the Hong Kong Monetary Authority and the Securities and Futures Commission , the Ministry of Environment, Finance and Justice of Japan, the Ministry of Finance of India, and the Ministry of Finance and Science and Technology of Vietnam.
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