Cryptocurrency platform FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 largest creditors nearly $3.1 billion.
The company owes about $1.45 billion to its top 10 creditors, it said in a court filing on Saturday, without naming them.
FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11 in one of the most high-profile crypto booms, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.
The crypto exchange said on Saturday that it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some businesses.
A hearing on the FTX’s so-called day one motions is scheduled for Tuesday morning before a US bankruptcy judge, according to a separate court filing.
The rapid collapse of FTX marked a stunning fall for one of the biggest and most powerful players in the crypto industry.
There could be more than 1 million creditors in the U.S. cases that have already been filed, the FTX Group said, adding that it is in contact with “dozens” of U.S. and international regulatory agencies, including the U.S. Attorney’s Office, the Securities and Exchange Commission US Securities and the Commodity Futures Trading Commission.
Meanwhile, authorities in The Bahamas – where FTX is headquartered – are investigating whether any criminal conduct related to the company’s implosion occurred, the Royal Bahamas Police Force said in a statement last Sunday.
Bahamian authorities have also taken control of cryptocurrency assets held by FTX Digital Markets, the Bahamas-based FTX unit that filed for Chapter 15 bankruptcy protection on Tuesday.
The Bahamas Securities and Exchange Commission announced Thursday night that it had directed the transfer of all digital assets from FTX Digital Markets and that these assets are being transferred to a digital wallet controlled by the Bahamian regulator for “safekeeping”.
– CNN’s Matt Egan, Chris Isidore and Allison Morrow contributed to this report.
Source: CNN Brasil
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