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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