FTX Lost $3.7 Billion in 2021 – In Bankruptcy Filing It Hides the Names of Its Unsecured Creditors Who Are Owed $3.1 Billion

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FTX reported a $3.7 BILLION loss in its 2021 tax return.  Also, its unsecured creditors are redacted in the company’s bankruptcy filing and they are owed an additional $3.1 BILLION. What’s going on?

FTX, the cryptocurrency exchange that went bankrupt only a few days ago, was in financial duress for some time.  In the company’s bankruptcy filing, FTX mentions that it incurred a loss of $3.7 billion as recorded in its 2021 tax returns.

FTX bankruptcy filing discloses that in the 2021 IRS tax return, FTX lost a stunning $3.7 billion. “When you’re in a hole, stop digging.” @TuckerCarlson @FoxNews @theblaze @CharlesOrtel @elonmusk @chrismartenson @robertbarnes @barnes_law @ASavageNation pic.twitter.com/bIOXzsp1Ae

— Bob Bishop (@BobBish40288847) November 20, 2022

In addition, in the bankruptcy filing dated yesterday, the list of FTX creditors is redacted.  This is a list of the 50 largest unsecured creditors.  The largest five creditors are due nearly $1 billion ($226 million, $203 million, $174 million,  $160 million, and $131 million).   Who are they and why are they redacted?

The firm filed voluntary bankruptcy for its 102 subsidiaries as well.

FTX filed voluntary bankruptcy for its 102 subsidiaries. pic.twitter.com/8SefeH0tZz

— Bob Bishop (@BobBish40288847) November 20, 2022

The FTX collapse is leading to some very questionable and corrupt acts. 

Hat tip Bob Bishop

The post FTX Lost $3.7 Billion in 2021 – In Bankruptcy Filing It Hides the Names of Its Unsecured Creditors Who Are Owed $3.1 Billion appeared first on The Gateway Pundit.

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