Collapsed FTX owes nearly $3.1 billion to top 50 creditors



The brand of FTX is visible at the doorway of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco Bello/File Photo

Nov 20 () - Cryptocurrency alternate FTX, which has filed for U.S. Bankruptcy court docket docket protection, said it owes its 50 biggest creditors nearly $three.1 billion.

The change owes about $1.Forty five billion to its pinnacle ten creditors, it stated in a court submitting on Saturday, with out naming them.

FTX and its associates filed for financial disaster in Delaware on Nov. 11 in one of the highest-profile crypto blowups, leaving an predicted 1 million customers and unique consumers going through standard losses within the billions of greenbacks. read greater

The crypto change said on Saturday it has released a strategic assessment of its global assets and is getting ready for the sale or reorganization of a few organizations. A listening to on FTX's so-known as first-day motions is set for Tuesday morning earlier than a U.S. Financial disaster select, regular with a separate court filing. study extra

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