Share this article
Crypto Trading Firm Wintermute Given Seat on Key FTX Creditor Committee
The crypto firms and individual investors will play a key role in representing the issues of the million or so potentially owed money by Sam Bankman-Fried’s company
Updated Dec 16, 2022, 3:08 p.m. Published Dec 15, 2022, 4:32 p.m.
Crypto trading firm Wintermute Asia PTE. has gained a seat on the coveted creditors’ committee for FTX, allowing it to steer decisions about the winding up of the failed crypto exchange alongside entities from the Caribbean, Hong Kong and U.S, according to a Thursday court filing.
The Department of Justice has named Octopus Information Ltd., Gibraltar-based Wincent Investment Fund and a number of individual investors to represent the potentially million people owed money by the collapse of the Bahamas-based firm, whose founder Sam Bankman-Fried is now in a Bahamas jail.
STORY CONTINUES BELOW
“We had a tremendous response” to the request to sit on the committee, U.S. Trustee Juliet Sarkessian told a bankruptcy court in Delaware on Wednesday, citing difficulties in gathering a group of people from across the world.
“We are moving as expeditiously as possible” to set the committee up, Sarkessian, a Department of Justice official charged with administering the bankruptcy process, added.
The committee, responsible for representing those who are hoping to be repaid at the conclusion of bankruptcy proceedings – specifically the unsecured creditors who have no claim on FTX collateral – will also include hedge fund Coincident Capital, GGC International (a Bermuda-based affiliate of Genesis Trading, which shares a parent company with CoinDesk in Digital Currency Group) and Hong Kong’s Pulsar Global, the filing said.
On Friday the Delaware court will hear a controversial proposal to redact personal information rather than publishing a full – and potentially very long – list of creditors.
On Tuesday, CoinDesk reported moves to create a separate committee to represent the distinct needs of foreign creditors of Bankman-Fried’s sprawling empire.
Octopus Information is unrelated to London-based venture capital company Octopus Ventures.
Read more $1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee
CORRECTION (Dec. 16, 2022, 10:44 UTC): Clarifies that Octopus Information is the company involved, not the hedge fund Octopus Investments.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.
What to know:
- Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in.
- President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule.
- Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
Top Stories
