Only 50 investors have lost more than $3 billion in FTX
2022.11.20 12:23
Only 50 investors have lost more than $3 billion in FTX
Budrigannews.com – Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes about $3.1 billion to its 50 largest creditors.
The exchange owes about own $145 million to its top ten creditors, it said in a court filing on Saturday, without naming them.
FTX and its affiliates have filed for bankruptcy in Delaware. In one of the highest profile crypto blowups11, an estimated 1 million customers and other investors face billions of dollars in total losses.
The crypto exchange said on Saturday it has begun a strategic review of its global assets and is preparing to sell or restructure some of its businesses. A hearing on FTX’s so-called first day move is set for Tuesday morning before a U.S. bankruptcy judge, according to another court filing.
