FTX owes $3.1 billion to its 50 biggest creditors

FlavienNovember 21, 2022

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FTX owes $3.1 billion to its 50 biggest creditors

FTX announced in a court filing on Saturday that the exchange owes about $3.1 billion to its 50 biggest creditors, including nearly $1.45 billion to its top ten creditors.
The earlier estimates of lost customer funds totalled around $10 billion, concerning an estimated 1 million customers.
A class action has already been filed last week against celebrities such as Shaquille O’Neal and Giselle Bundchen who endorsed and promoted the exchange.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.