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Collapsed FTX owes nearly $3.1 billion to top 50 creditors

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

The exchange owes about $1[ads1].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 breakouts, leaving an estimated 1 million customers and other investors with total losses in the billions of dollars. read more

The cryptocurrency exchange said on Saturday that it has launched a strategic review of its global assets and is preparing to sell or reorganize some businesses. A hearing on FTX’s so-called first-day petitions is set for Tuesday morning before a US 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: Thomson Reuters Trust Principles.

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