According to the most up-to-date updates, the FTX exchange is presently owed far more than $three billion to the top rated 50 greatest creditors of this enterprise.
Information from the Chapter eleven bankruptcy filing (launched Saturday) demonstrates that FTX is owed to quite a few distinct entities. In which, the greatest lending unit is lending $225 million to FTX. According to the profile over, the top rated ten greatest lenders have a complete loan worth of up to $one.45 billion. In complete, $three.one billion is the sum of debt FTX is carrying.
A listing of the 50 greatest creditors is published in the Chapter eleven or Chapter 9 bankruptcy filing. The filing factors out that the distinct quantity will be examined in far more detail in the close to long term.
>> See far more: FTX Announces Restructuring and Bankruptcy Plan
“The list of the 50 largest creditors includes customer information that has not been disclosed at this time. A thorough investigation of the list of creditors will continue to find out the exact number, including how payments have been made but not yet recorded in the books.” – According to the company’s bankruptcy file.
Previously, a filing stated that the enterprise may well have far more than one million creditors. FTX filed for Chapter eleven bankruptcy about two weeks in the past, with assets and liabilities amongst $ten million and $50 million, along with a hundred,000 present creditors. A Financial Times report stated the enterprise had just $900 million in liquid assets, although complete liabilities amounted to $eight.9 billion.
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