Crypto exchange FTX owes Creditors $3.1 Billion

Business | November 21, 2022, Monday // 08:16
Bulgaria: Crypto exchange FTX owes Creditors $3.1 Billion @Flickr

Cryptocurrency exchange FTX owes its top 50 creditors almost .1 billion, according to court filings.

The embattled company, which filed for bankruptcy in the US last week, says it owes about .45 billion to its 10 largest creditors but has not named them.

The collapse of the world's second-largest crypto exchange has shaken confidence in the already troubled cryptocurrency market.

This also led to the resignation of the head of the exchange, Sam Bankman-Fried.

FTX's bankruptcy filings revealed that more than one million people and businesses may owe money after its collapse.

On Saturday, FTX said it had begun a review of its global assets and was preparing to sell or reorganize some businesses.

A hearing before a U.S. Bankruptcy judge is scheduled for Tuesday.

It is not clear how much money people who invested in the stock will get back at the end of the bankruptcy proceedings, although many experts warned that it could be a small fraction of what they invested in the company.

Follow on Twitter and Facebook

Write to us at

Информирайте се на Български -


We need your support so can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: ftx, creditors, crypto, cryptocurrency

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria