The exchange owes about $1.45 billion to its top ten 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 highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.
There could be more than 1 million creditors in the US cases that are already filed, FTX Group said, adding that it has been in touch with “dozens” of US and international regulatory agencies including the US Attorney’s Office, the US Securities and Exchange Commission and the Commodity Futures Trading Commission.
No bailouts! WBT MoneyInvest cnnmoneybrk wolfblitzer SitRoom
Republicans need to investigate every democrat who took money from smf what did they know when did they know it
They will get approval before student loan holders will. Benefit of being a business. 3.1 billion no problem for a business. $20,000 for a student. What the hell?
How about the fact that there are ties to Ukraine and politicians?
Maybe Elon could buy it and make it Legit !
I am an avid reader of cnn. While I find an article telling how bad Elon Musk every other day, I could not find a negative article about FTX until now. What am I missing here?
The amount of mis-information CNN spreads they shouldn’t even be allowed to report news.