FTX: the multimillion-dollar debt that the bankrupt cryptocurrency company has with its largest creditors

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  • BBC News World

FTX logo in a closed stadium in Miami.

image source, Reuters

Caption,

FTX, one of the world’s largest cryptocurrency companies, filed for bankruptcy on November 11 after an agonizing week.

Cryptocurrency buying and selling platform FTX owes its 50 largest creditors almost $3.1 billion, according to a court filing.

The embattled firm, which filed for bankruptcy in the US last week, says it owes around $1.45bn to its top 10 creditors, though it did not name any.

The collapse of the world’s second-largest cryptocurrency exchange has shaken confidence in the already troubled virtual currency market.

He also brought the head of the company, Sam Bankman-Friedto resign.

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