The FTX Trading Bankruptcy Filing FTX Trading Ltd filed for Chapter 11 bankruptcy protection on Friday, November 11, 2022 (Case 22-11068 ). FTX Trading Ltd is ultimately controlled by Sam Bankman-Fried .
The bankruptcy filing identifies 134 legal entities (affiliates or subsidiaries of FTX Trading Ltd) as part of the petition.
The bankruptcy filing includes an Omnibus Corporate Authority and a Corporate Ownership Statement. We ran all of the legal entities and ownership relationships in the filing through Lexchart to generate an company structure chart for Sam Bankman-Fried and FTX Trading Ltd.
Sam Bankman-Fried Direct Ownership The filing refers to the "Top Companies" which are directly controlled by Sam Bankman-Fried, "as controlling owner, director, officer, manager or other authorized person":
West Realm Shires Inc., Paper Bird Inc., Hilltop Technology Services LLC, Cedar Grove Technologies Services, Ltd., FTX Trading Ltd, Alameda Research LLC and Clifton Bay Investments LLC. This company structure chart shows that Bankman-Fried's control of FTX Trading Ltd comes from Paper Bird, Inc.'s 75% ownership in FTX Trading Ltd.
FTX Group Company Structure The bankruptcy filing refers to the "FTX Group" which includes the Top Companies all directly or indirectly owned subsidiaries.
The following company structure chart shows the entire FTX Group, Sam Bankman-Fried, and "third party investors":
Exchange 4Free South
Africa Br.
FTX US Derivatives LLC
Alameda Research KK
FTX Structured Products AG
FTX Japan Holdings K.K.
FTX Hong Kong Ltd
Tigetwit Ltd
Euclid Way Ltd
FTX Certificates GmbH
West Realm Shires
Financial Services Inc.
FTX Japan K.K.
BT Payment Services
South Africa
Global Compass
Dynamics Ltd.
BT Pesa Nigeria Ltd.
Goodman Investments Ltd.
LedgerPrime Ventures, LP
North Dimension Inc
Exchange 4Free
Swiss Branch
Altalix Ltd
FTX TURKEY TEKNOLOJİ VE
TİCARET ANONİM ŞİRKET
LT Baskets Ltd.
BitPesa Kenya Ltd.
B Transfer Services Uganda
Blockfolio, Inc.
K-DNA Financial Services Ltd
Clifton Bay Investments LLC
LedgerPrime Bitcoin Yield
Enhancement Fund, LLC
FTX Ventures Ltd
SNG INVESTMENTS YATIRIM VE
DANIŞMANLIK ANONİM ŞİRKETİ
Technology Services
Bahamas Limited
BitPesa RDC SARL
Quoine Pte Ltd
Ledger Prime LLC
LedgerPrime Digital Asset
Opportunities Master Fund LP
FTX Crypto Services Ltd.
FTX Marketplace, Inc.
FTX EMEA Ltd.
Analisya Pte Ltd
FTX Trading Ltd
Alameda Research
(Bahamas) Ltd
Deck Technologies Inc.
B Payment Services Nigeria
BTLS Limited Tanzania
B for Transfer Egypt
West Realm Shires Inc.
FTX Canada Inc
FTX Digital Assets LLC
North Dimension Ltd
FTX Ventures Partnership
FTX Exchange FZE
Allston Way Ltd
FTX Property Holdings Ltd
BT Payments Uganda
Exchange 4 Free Seychellen
Exchange 4Free Ltd.
Deck Technologies
Holdings LLC
North Wireless Dimension Inc
FTX Lend Inc.
Alameda TR Systems
S. de R. L.
Zubr Exchange Ltd
Exchange 4Free Australia Br.
Crypto Bahamas LLC
Deep Creek Ltd
BitPesa South Africa
West Innovative Barista Ltd.
Quoine Vietnam Co. Ltd
Finfax Company
Alameda Research
Yankari Ltd
FTX US Services, Inc.
FTX US Trading, Inc
FTX Services Solutions Ltd.
FTX Trading GmbH
Ledger Holdings Inc.
FTX Equity Record
Holdings Ltd
FTX Zuma Ltd
GG Trading Terminal Ltd
Blockfolio Holdings, Inc.
Cottonwood Grove Ltd
West Realm Shires
Services Inc.
BitPesa Uganda Ltd.
DAAG Trading, DMCC
Maclaurin Investments Ltd.
Innovatia Ltd
Third party investors
Quoine India Pte Ltd
FTX Digital Holdings
(Singapore) Pte Ltd
B Transfer Services Ltd. UAE
FTX Products
(Singapore) Pte Ltd
LedgerPrime Bitcoin Yield
Enhancement Master Fund LP
Hannam Group Inc
Samuel Bankman-Fried
Bitvo, Inc.
Mangrove Cay Ltd
LiquidEX LLC
Blue Ridge Ltd
Hilltop Technology
Services LLC
Strategy Ark Collective Ltd.
BitPesa Senegal Ltd.
FTX Japan Services KK
Cottonwood
Technologies Ltd.
TransferZero
Killarney Lake
Investments Ltd
Alameda Research Ltd
Alameda Global Services Ltd.
FTX Europe AG
FTX (Gibraltar) Ltd
Hawaii Digital Assets Inc.
Clifton Bay Investments Ltd
B Transfer Services Ltd
Liquid Securities
Singapore Pte Ltd
Alameda Aus Pty Ltd
Western Concord
Enterprises Ltd.
Verdant Canyon Capital LLC
Alameda Research LLC
Cedar Grove Technology
Services, Ltd
Island Bay Ventures Inc
Alameda Research Pte Ltd
Alameda Research
Holdings Inc.
Corner Stone Staffing
Paper Bird Inc
BT Payment Services Ghana
Equity percents do not total 100%
Atlantis Technology Ltd.
FTX Switzerland GmbH
LedgerPrime Digital Asset
Opportunities Fund, LLC
BitPesa Tanzania Ltd.
Alameda TR Ltd
Bancroft Way Ltd
Cardinal Ventures Ltd
Liquid Financial USA Inc.
CM-Equity AG
Hive Empire Trading Pty Ltd
BTC Africa S.A.
Cedar Bay Ltd
Digital Custody Inc.
FTX Vault Trust Company
Good Luck Games, LLC
Pioneer Street Inc.
Equity
70%
Equity
10%
lexchart.com
No disclosed
ownership in
bankruptcy filing.
Based on Voluntary Petition for Non-
Individuals Filing for Bankruptcy for FTX
Trading Ltd, Case 22-11068 Doc 1 Filed
11/11/22
Excluded Legal Entities The press release from FTX on Twitter says that the following entities are excluded from the bankruptcy filing:
LedgerX LIC, FTX Digital Markets Ltd., FTX Australia Pty Ltd. and FTX Express Pay Ltd.
Sources and Techniques These charts rely on the bankruptcy filing below.
The filing was made in the United States Bankruptcy Court, District of Delaware . The related case numbers and legal entities are listed on the recent Chapter 11 filings for the court.
These charts were generated automatically with Lexchart .
In a subsequent article, we will identify some anomalies in the bankruptcy filing.