FTX Owes $3.1bln To Top 50 Creditors

As per the reports, FTX owes nearly $3.1 billion to its top 50 creditors.

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Earlier, it was reported that the crypto exchange FTX owes about $1.45 billion to its top ten creditors.

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Though the name of creditors has not been mentioned yet.

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On November 11, FTX and its affiliates filed for bankruptcy after SBF resigned from his CEO position.

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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.

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FTX crash has lost billions of dollars and affected 1 million customers and other investors.

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FTT plunged from $22 to $1.31 amid collapse.

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