Chainalysis Among Long List of FTX Creditors

The bankrupt crypto exchange had partnered with Chainalysis to revamp its anti-money laundering and know-your-customer system

article-image

Blockworks Exclusive art by axel rangel

share

Chainalysis appears to be a creditor in the FTX bankruptcy case, as the company is among what is expected to be a very long list of companies the collapsed exchange owes money to.

Documents filed Wednesday in US bankruptcy court in Delaware named the blockchain analysis firm as a creditor, an entity with a claim against the debtor — in this case FTX Trading.

FTX founder Sam Bankman-Fried, who resigned as the company’s CEO when it filed for Chapter 11 bankruptcy last week, revealed a partnership with Chainalysis in September 2019.

Loading Tweet..

It is unclear what Chainalysis may be owed. A Chainalysis spokesperson declined to comment.

A day before FTX declared bankruptcy, Chainalysis shared on-chain data in a series of tweets to make sense of the impact of FTX’s implosion.

“There’s no sugarcoating it: The potential collapse of an industry stalwart like FTX is bad for crypto, and the market reflects that,” the company said in a Nov. 10 tweet. “But the industry has survived events like this before and emerged stronger. We know it will again.”

Chainalysis one of many creditors

Lawyers representing FTX and affiliates said in a bankruptcy motion on Monday that as many as one million creditors could be named in the suit.

The motion also requested relief from filing a list of the top 20 creditors for each of the 134 FTX affiliated entities that filed for Chapter 11 bankruptcy — asking instead to permit one consolidated list detailing the top 50 creditors across all FTX companies by Friday.

More clarity around FTX’s balance sheet and creditors is needed to properly parse the odds of the exchange returning funds, partners at law firm Kleinberg Kaplan told Blockworks.

FTX CEO John Jay Ray III, who previously oversaw restructuring efforts at corporate failures such as Enron, said in bankruptcy filings that he had never seen “such a complete failure of corporate controls,” as in FTX’s case.

“From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” he said.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

The startup says it aims to rival Stripe and Worldpay by using stablecoins to speed merchant settlements from days to seconds

by Blockworks /
article-image

“S&P 500” for crypto comes as segment gains “established role in global markets,” S&P exec says

article-image

The S&P Digital Markets 50 Index combines 15 cryptocurrencies with 35 crypto-linked companies, offering investors hybrid exposure

by Blockworks /
article-image

Gnosis is betting that openness — not ownership — will define the future of onchain money

article-image

Crypto’s quest to imbue shareholder protections for tokens

article-image

Grass previously raised a seed and Series A rounds and plans to utilize the token purchase to execute on its roadmap