The collapsed crypto exchange FTX owes more than $3.1 billion to its 50 largest creditors, according to a new bankruptcy filing.
The new filing indicates the exchangeโs largest creditor is owed more than $226 million, and the top 10 are owed approximately $1.45 billion collectively.
The names of the creditors are not listed on the document.
FTXโs legal team says the firm is still working out the final figures.
โThe Debtorsโ investigation continues regarding amounts listed, including payments that may have been made but are not yet reflected on the Debtorsโ books and records. The Debtors are also working to obtain full access to customer data.โ
FTXย filed for bankruptcy earlier this month amid accusations that the exchangeโs CEO, Sam Bankman-Fried, mismanaged the firmโs funds by loaning out billions of dollars worth of customer deposits to Alameda Research, the firmโs trading branch.
John J. Ray III replaced Bankman-Fried as CEO after the former chief executiveโs resignation on November 11th. In recent bankruptcy filings, Ray says the exchange suffered from compromised systems, faulty regulatory oversight and leadership that was made up of โpotentially compromised individuals.โ
The U.S. House of Representatives Financial Services Committee also reportedlyย plans to hold a December hearing to investigate FTXโs sudden collapse.
Don’t Miss a Beat โ Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Natalya Yudina/WindAwake