Collapsed FTX owes nearly US$3.1b to top 50 creditors

CRYPTOCURRENCY exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly US$3.1 billion.

The exchange owes about US$1.45 billion to its top 10 creditors, it said in a court filing on Saturday (Nov 20), 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 one 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 reorganisation of some businesses. REUTERS