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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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Comment6

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