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Collapsed FTX owes nearly $3.1 billion to top 50 creditors

Collapsed FTX owes nearly $3.1 billion to top 50 creditors

Nov 20 (Reuters) – Cryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion.

The exchange owes about $1.45 billion to its top 10 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. read more

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. read more

Reporting by Juby Babu in Bengaluru; Editing by Angus MacSwan

Our Standards: The Thomson Reuters Trust Principles.

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