Collapsed FTX owes nearly US$3.1b to top 50 creditors
Add BT as a preferred source
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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
SIA sinks into the red with S$76 million Q1 loss as fuel costs jump
15-month wait-out curb lifted for private property owners buying HDB resale flats
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
