FTX Crypto Exchange Owes Biggest Creditors $3.1bn
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Description
Cryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn. The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top...
show moreThe embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors but has not named any.
The collapse of the world's second-largest crypto exchange shook confidence in the already troubled cryptocurrency market.
FTX's previous bankruptcy filings revealed more than one million people and businesses could be owed money following its collapse.
FTX says it had launched a review of its global assets and was preparing for the sale or reorganisation of some businesses.
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Author | Africa Business Radio |
Organization | Africa Business Radio |
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