According to court filings on Nov. 20, FTX Trading LTD owes its top 50 creditors more than $3 billion.The document, filed through the U.S. District of Delaware bankruptcy court, was filed as part of the company’s Chapter 11 bankruptcy proceedings.
FTX discloses its top 50 creditors are owed $3.1 billion.
Records indicate that FTX personal debt topped more than US$226 million, the least personal in the top 50 creditors was US$21 million. The identities of the creditors and their countries were not disclosed. The document explains:
The Top 50 list is based on the Debtor’s existing creditor information, including information that customers can view but cannot access at this time. The Debtor’s investigation continues in relation to the amount listed, including payments that may have been made but have not been reflected on the debtor’s books and records. Debtors are also working to gain full access to customer data.
After a rapid collapse, FTX filed for Chapter 11 bankruptcy on November 11. At the time, the company announced that it had hired a new CEO, John J. Ray III, to oversee the proceedings and that the company’s former CEO Sam Bankman- Fried has resigned.