Collapsed FTX Owes Nearly US$3.1 Billion to Top 50 Creditors

Reuters2022-11-21

(Reuters) - Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion.

The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them.

FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11 in one of the highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.

The crypto exchange said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some businesses. A hearing on FTX's so-called first-day motions is set for Tuesday morning before a U.S. bankruptcy judge, according to a separate court filing.

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Comments

GggSlimeR
2022-11-21
GggSlimeR
Share your opinion about this news…
T202311701
2022-11-21
T202311701
O
GggSlimeR
2022-11-21
GggSlimeR
Thanks & Do not like my comment
Rookie22
2022-11-21
Rookie22
Wow all gone
Speedevil
2022-11-21
Speedevil
To the moon and then dived six feet underground!
shawntian
2022-11-21
shawntian
Wwww

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Do not like my comment&nbsp;","listText":"Thanks &amp; Do not like my comment&nbsp;","text":"Thanks & Do not like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961435236","repostId":2284775063,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961438590,"gmtCreate":1669012876111,"gmtModify":1676538139429,"author":{"id":"3575290973507485","authorId":"3575290973507485","name":"Rookie22","avatar":"https://static.tigerbbs.com/c6852efd5f87d9ecf7965e213c38ac97","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3575290973507485","idStr":"3575290973507485"},"htmlText":"Wow all gone&nbsp;","listText":"Wow all gone&nbsp;","text":"Wow all gone","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961438590","repostId":2284775063,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961439114,"gmtCreate":1669011964038,"gmtModify":1676538139297,"author":{"id":"3574927908642094","authorId":"3574927908642094","name":"Speedevil","avatar":"https://static.tigerbbs.com/9aa3a51e24717222ad50dccfbf99ba2c","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3574927908642094","idStr":"3574927908642094"},"htmlText":"To the moon and then dived six feet underground!&nbsp;","listText":"To the moon and then dived six feet underground!&nbsp;","text":"To the moon and then dived six feet underground!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961439114","repostId":2284775063,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961494424,"gmtCreate":1669011379068,"gmtModify":1676538139180,"author":{"id":"3574116692033350","authorId":"3574116692033350","name":"shawntian","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3574116692033350","idStr":"3574116692033350"},"htmlText":"Wwww","listText":"Wwww","text":"Wwww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961494424","repostId":2284775063,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":29,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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