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 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.
There could be more than 1 million creditors in the US cases that are already filed, FTX Group said, adding that it has been in touch with “dozens” of US and international regulatory agencies including the US Attorney’s Office, the US Securities and Exchange Commission and the Commodity Futures Trading Commission.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX collapse could trigger ‘appetite’ for harsher regulation, says Andrew YangLawmakers who oppose cryptocurrency and Bitcoin could use the FTX collapse to catalyze harsher industry regulations.
Read more »
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals – Exchanges Bitcoin NewsThree high-ranking executives of failed cryptocurrency exchange FTX have been reportedly released from duties.
Read more »
FTX illustrated why banks need to take over cryptocurrencyThe lack of a regulatory framework contributed to Sam Bankman-Fried's manipulation of FTX's assets. Banks should play a role in preventing future incidents.
Read more »
FTX illustrated why banks need to take over cryptocurrencyBanks should embrace crypto as a way to mitigate risk and prevent losses that consumers at the hands of rogue crypto exchanges.
Read more »
Collapsed FTX owes nearly $3.1 bln to top 50 creditorsCryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion.
Read more »