Joe Moldovan Quoted on Import and Procedural Nature of FTX Creditor Matrix

Joe Moldovan was quoted in a January 28, 2023 article in The Block entitled “What the FTX Creditor Matrix Does — and Doesn’t — Tell Us About the Exchange’s Bankruptcy.” The article discussed the recently released 115-page FTX creditor matrix and what it means to be included on the list.

Joe explained that while the new creditor matrix may offer a glimpse at the various companies and individuals who might make claims in the bankruptcy case, its purpose is to serve as a large collection of addresses that the court can use for mailing notices in the future. He stated, “It is a purely ministerial document that all debtors in all bankruptcy cases are required to prepare and file with the court and the office of the United States Trustee.” He said that lawyers compiling this type of list typically note every entity on a firm’s account payable list, its investors and “every government agency that could conceivably have an interest in the case.” The matrix does not provide a window into the case, FTX’s creditors or its customers.

Read the article here.