How much does FTX owe its creditors?

Nov 20 (Reuters) - Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them.

How much money is in FTX?

In just three years, FTX, founded by Sam Bankman-Fried, had swiftly put money into a hodgepodge of assets, from esoteric cryptocurrencies to investments in hundreds of other companies. About $1.7 billion of the $5.5 billion is in cash on FTX’s books.

Does FTX need a consolidated list of creditors?

While bankruptcy code usually would require FTX and its associated companies to file a list of the top 20 creditors for each debtor entity, such as FTX, FTX US, and Alameda Research, its lawyers have requested permission to file a consolidated list of the top 50 people and organizations owed because the companies have so much overlap.

Could FTX cash be repaid?

Lawyers for FTX have identified cash and digital assets that would go toward repaying customers and lenders of the collapsed exchange. Sam Bankman-Fried leaving court last month. In the three years his crypto exchange operated, it made investments in a hodgepodge of assets. Brittainy Newman for The New York Times