![\"FTX](\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/E690\/production\/_127642095_ftxgettyimages-1440504577.jpg.webp)
<\/picture><\/span>Getty Images<\/span><\/div>\n<\/figure>\n<\/div>\nCryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn (\u00a32.6bn), according to a court filing.<\/b><\/p>\n<\/div>\n<\/div>\n The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors, but has not named any.<\/p>\n<\/div>\n<\/div>\n The collapse of the world’s second largest crypto exchange shook confidence in the already troubled cryptocurrency market.<\/p>\n<\/div>\n<\/div>\n It also led to exchange boss Sam Bankman-Fried to step down.<\/p>\n<\/div>\n<\/div>\n FTX’s previous bankruptcy filings revealed more than one million people and businesses could be owed money following its collapse.<\/p>\n<\/div>\n<\/div>\n On Saturday, FTX said it had launched a review of its global assets and was preparing for the sale or reorganisation of some businesses. <\/p>\n<\/div>\n<\/div>\n A court hearing before a US bankruptcy judge has been set for Tuesday.<\/p>\n<\/div>\n<\/div>\n It is unclear how much people who have funds in the exchange will get back at the end of bankruptcy proceedings, though many experts have warned it may be a small fraction of what they put into the firm.<\/p>\n<\/div>\n<\/div>\n Last week, new FTX chief executive John Ray hit out at the way the failed crypto exchange was run, saying he had never “seen such a complete failure of corporate controls”.<\/p>\n<\/div>\n<\/div>\n Mr Ray, who replaced Mr Bankman-Fried, criticised a “complete absence of trustworthy financial information”.<\/p>\n<\/div>\n<\/div>\n Mr Bankman-Fried told the Vox news website he regretted filing for bankruptcy, saying the decision had largely taken financial matters out of his control. He also expressed disdain for financial regulators.<\/p>\n<\/div>\n<\/div>\n The fall of \u2018King of Crypto\u2019 Sam Bankman-Fried<\/span><\/p>\n <\/span><\/div>\n <\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n New FTX boss condemns crypto firm’s failure<\/span><\/p>\n <\/span><\/div>\n <\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n A million owed money by failed crypto exchange<\/span><\/p>\n <\/span><\/div>\n <\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/section>\n<\/div>\n Published at Sun, 20 Nov 2022 19:49:45 +0000<\/p>\n","protected":false},"excerpt":{"rendered":" FTX crypto exchange owes biggest creditors $3.1bn Getty Images Cryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn (\u00a32.6bn), according to a court filing. The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors, but has not named any. The collapse of… Continue reading FTX crypto exchange owes biggest creditors $3.1bn<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=175"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/176"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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