Cryptocurrency exchange FTX, which has filed for U.S. 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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX collapse could trigger ‘appetite’ for harsher regulation, says Andrew YangLawmakers who oppose cryptocurrency and Bitcoin could use the FTX collapse to catalyze harsher industry regulations.
Read more »
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals – Exchanges Bitcoin NewsThree high-ranking executives of failed cryptocurrency exchange FTX have been reportedly released from duties.
Read more »
FTX illustrated why banks need to take over cryptocurrencyThe lack of a regulatory framework contributed to Sam Bankman-Fried's manipulation of FTX's assets. Banks should play a role in preventing future incidents.
Read more »
FTX illustrated why banks need to take over cryptocurrencyBanks should embrace crypto as a way to mitigate risk and prevent losses that consumers at the hands of rogue crypto exchanges.
Read more »
FTX Founder and Democrat Super Donor Sam Bankman-Fried Lent *$1 Billion* to Himself Through His Hedge FundDisgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds.
Read more »