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FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11
This is one of the highest-profile crypto blowups

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Collapsed Crypto exchange FTX owes this much to its 50 top creditors

Name: Collapsed Crypto exchange FTX owes this much to its 50 top creditors
Uploaded: 2022-11-21T09:07:26.000+05:30
Duration: T00M42S
Channel: Editorji News Desk
Description: The collapse of the world's second largest crypto exchange shook confidence in the already troubled cryptocurrency market

The collapse of the world's second largest crypto exchange shook confidence in the already troubled cryptocurrency market

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Collapsed Crypto exchange FTX owes this much to its 50 top creditors

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

The exchange owes about $1.45 billion to its top ten 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 blowups, leaving an estimated 1 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 reorganization of some businesses.