Bankrupt cryptocurrency exchange FTX owes about $3.1 billion to its 50 biggest creditors, according to a court document seen by AFP on Sunday. The amounts owed to these unnamed creditors range from $21 million to $226 million.
Founded in 2019 by Sam Bankman-Fried, FTX quickly became one of the largest platforms in the industry and was considered one of the most trusted. But it collapsed in early November days after news broke of its fragile financial health. FTX did not quickly respond to withdrawal requests from its customers.
The group announced its bankruptcy on November 11, as well as the resignation of its leader. His replacement, John Ray III, said on Saturday that he had begun a strategic review of the assets of the group and its many subsidiaries to decide what to sell or restructure.
In a filing administered by the Delaware bankruptcy court, he says the list of the 50 largest creditors and the amounts owed could evolve based on the information he is able to recover.
Source: Le Figaro
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