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Cryptocurrency exchange FTX owes nearly $3.1 billion to its top 50 creditors, according to court documents.
Last week, FTX filed for bankruptcy in the US. The top 10 creditors revealed that their obligations amounted to about $1.45 billion (about 2 trillion won), but their names were not disclosed.
When FTX, the second largest cryptocurrency exchange in the world, collapsed, confidence in the already frozen cryptocurrency market shook again.
The incident led to the resignation of the CEO of the exchange, Sam Bankman-Frid.
FTX expected more than 1 million individuals and businesses to become creditors in its latest bankruptcy filing.
On the 19th (local time), FTX announced that it had launched a global asset review and was preparing to sell or restructure certain assets.
A US bankruptcy court hearing is scheduled for the 22nd.
It is unclear what amount users of the exchange will be able to recover after the bankruptcy proceedings are completed, but many experts have warned that it will be miniscule compared to their investment.
FTX CEO John Ray, who took office last week, said of FTX’s operations, “I have never seen such a complete failure of corporate control.”
Bankman-Fried’s successor, CEO Lay, criticized the company, saying, “There is no reliable financial information.”
Bankman-Freed told the Vox News website that he regretted filing for bankruptcy. By declaring bankruptcy, he had lost most of the control over his financial affairs. He also expressed his contempt for financial regulators.
