News

The Amount FTX Has To Pay To Its Top 50 Creditors Is 3.1 Billion

In recently disclosed filings, the collapsed exchange FTX is reported to have $3.1 billion in debt with its 50 creditors.

A filing from its Chapter 11 bankruptcy protection proceedings on Saturday revealed the amount owed the unidentified creditors, with the biggest being more than $226 million. In total, it added up to almost $3.1 billion. The list did not include names.

In the Chapter 11 or Chapter 9 process, a list of the 50 biggest unsecured creditors must be filed, according to the filing. But it emphasized that further research is necessary before committing to the sums suggested. The filing stated:

“The Debtors’ investigation continues regarding amounts listed, including payments that may have been made but are not yet reflected on the Debtors’ books and records. “

FTX filed for Chapter 11 bankruptcy protection about two weeks ago, the exchange is currently reviewing its assets as part of the bankruptcy process.

According to an earlier filing, FTX’s total creditors may number over a million.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.