Collapsed FTX owes nearly $3.1 billion to top 50 creditors
[html](Reuters) -Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion.…
(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.
(Reporting by Juby Babu in Bengaluru and Mike Spector in New York; Editing by Angus MacSwan and Daniel Wallis)
[/html]
Source: Collapsed FTX owes nearly $3.1 billion to top 50 creditors (http://ht**://www.oann.c**/business/collapsed-ftx-owes-nearly/?utm_source=rss&utm_medium=rss&utm_campaign=collapsed-ftx-owes-nearly)
Topic: Collapsed FTX owes nearly $3.1 billion to top 50 creditors (Read 28 times)
previous topic - next topic
It's your post, so post it!