Collapsed FTX owes nearly $3.1 billion to top 50 creditors

Nov 20 (Reuters) – Cryptocurrency exchange FTX, which has sought U.S. bankruptcy court protection, said it owed 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 November 2. 11 in one of the most publicized crypto explosions, leaving around 1 million clients and other investors facing multi-billion dollar total losses. Read more

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

Reporting by Juby Babu in Bengaluru and Mike Spector in New York; Editing by Angus MacSwan and Daniel Wallis

Our standards: The Thomson Reuters Trust Principles.

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