FTX Owes

$3.1bln To Top 50 Creditors

November 21, 2022

As per the reports, FTX owes nearly

$3.1 billion

to its top 50 creditors.

Earlier, it was reported that the crypto exchange FTX owes about

$1.45 billion to its top ten creditors.

Though the

name of creditors

has not been mentioned yet.

On November 11, FTX and its affiliates

filed for bankruptcy

after SBF resigned from his CEO position.

FTX mentioned in its bankruptcy filing that the exchange faced a severe liquidity crisis that necessitated the filing of these cases on an

emergency basis.

FTX crash has

lost billions of dollars

and affected 1 million customers and other investors.

FTT plunged from

$22 to $1.31

amid collapse.