Analytics firm Chainalysis has announced that it is owed money in the bankruptcy proceedings for collapsed exchange FTX.
In documents filed to bankruptcy court in Delaware on Wednesday, Chainalysis was identified as a creditor and asked for any relevant materials to be sent to its lawyers.
The blockchain analysis firm had a longstanding relationship with FTX, going back to at least 2019, when the two joined forces to revamp the exchange’s anti-money laundering (AML) and know-your-customer (KYC) systems.
gm: FTX Meltdown 101: What the Hell Happened and What Comes Next
In less than a week, one of the largest and most trusted crypto exchanges went up in flames, along with its crypto celebrity founder and CEO Sam Bankman-Fried. Dan Roberts, Stacy Elliott, and Kate Irwin from the gm podcast walk you through exactly how it happened, what it means for you, their own takes on the most interesting subplots, and what we can learn from it all. Plus: We review some comments SBF and CZ made on this podcast that look remarkable in hindsight. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
That relationship appeared to be in place as of August, when FTX last updated the help page on its website.
Chainalysis was also one of 53 companies which FTX confirmed earlier this year it was doing business with to Forbes.
Others on the list include big four accounting firms Deloitte and PwC, payments provider Stripe, and a cadre of law firms.
Yesterday’s filings do not specify how much money Chainalysis may be owed.
A representative for Chainalysis declined to comment when contacted by Decrypt.
Chainalysis joins FTX exposure list
FTX is expected to publish a list of its “Top 50” creditors by the end of this week but has said that there could be over 1 million people with claims in the case.
Some firms have already revealed their own exposure to FTX, whether through loans, holdings on one of its platforms, or stores of the FTT token.
'Only a Psychopath Can Write That Tweet': Binance CEO CZ on SBF
Speaking at an event with economic think tank the Milken Institute in the UAE, Binance CEO Changpeng Zhao called former FTX CEO Samuel Bankman-Fried a “psychopath” for alluding in a tweet that Zhao was his “sparring partner” amid FTX’s catastrophic collapse. The FTX liquidity crisis began to come to light on November 6, when Zhao tweeted that he was going to liquidate all of Binance’s FTT holdings (FTT is FTX’s native token) due to “recent revelations” that FTX was lobbying “against other indus...
Changpeng "CZ" Zhao, chief executive of Binance and would-be FTX savior, has said his company still holds a large supply of FTT.
Meanwhile, crypto lender BlockFi said it is mulling its own bankruptcy proceedings and layoffs this week after revealing “significant exposure” to FTX.
