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FTX Owes Over $3 Billion to 50 Largest Creditors: Court Filing

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Collapsed crypto exchange FTX owes nearly $3.1 billion to its top 50 creditors, as per filing from its Chapter 11 bankruptcy protection proceedings. It was earlier reported that the company may have more than one million creditors in total.

The filing, which brings clarity to the scope of the potential losses faced by FTX clients, also reveals that the ten largest creditors alone have more than $100 million each in unsecured claims. They are collectively owed $1.45 billion.

  • The largest single claim by a creditor is for $226 million, followed by another at $203 million.
  • The document, prepared by the bankruptcy lawyers, also noted that the debt figures do not involve anything owed to the insiders of the crypto exchange and are subject to change as more information unravels.
  • The debtors are working to access full access to customer data.

FTX discloses its top 50 creditors are owed $3.1 billion.

The largest creditor is owed $226 million.

(By Chayanika Deka)

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