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HomeNewsCollapsed FTX owes nearly $3.1 billion to top 50 creditors

Collapsed FTX owes nearly $3.1 billion to top 50 creditors

Cryptocurrency change FTX, which has filed for U.S. chapter court docket safety, stated it owes its 50 largest collectors almost $3.1 billion.

The change owes about $1.45 billion to its prime ten collectors, it stated in a court docket submitting on Saturday, with out naming them.

FTX and its associates filed for chapter in Delaware on Nov. 11 in one of many highest-profile crypto blowups, leaving an estimated 1 million clients and different buyers dealing with whole losses within the billions of {dollars}.

The crypto change stated on Saturday it has launched a strategic evaluate of its international property and is making ready for the sale or reorganization of some companies. A listening to on FTX’s so-called first-day motions is about for Tuesday morning earlier than a U.S. chapter decide, based on a separate court docket submitting. 

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