CRYPTOCURRENCY EXCHANGE FTX OWES $3B
The failed cryptocurrency exchange FTX owes more than $3 billion to its largest creditors, the company disclosed in a court filing. The list of the top 50 unsecured claims against FTX gives the public a first glance into the amount of money Sam BankmanFried’s companies may owe his customers. Bahamas-based FTX filed for bankruptcy on Nov. 11 after the exchange acknowledged that it had used customer funds to cover bad bets by Bankman-Fried’s trading arm, Alameda Research.