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Collapsed crypto exchange FTX owes top 50 creditors $3.1bn

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By Charlie Conchie Collapsed crypto exchange FTX has revealed it owes its 50 biggest creditors nearly $3.1bn, as it presses ahead with bankruptcy proceedings in the US. The crypto bourse, formerly run by disgraced founder Sam Bankman-Fried, said it owes around $1.45bn to its top 10 creditors alone, in court filings published yesterday, seen by Reuters. FTX filed for Chapter 11 bankruptcy two weeks ago and has left around one million customers and investors facing down billions of dollars of losses. John Ray III, who previously oversaw the bankruptcy proceedings of energy giant Enron, has been …

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