International Business Weekly
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Lifestyle
  • Sports
No Result
View All Result
International Business Weekly
No Result
View All Result
Home Business

Collapsed FTX Owes Nearly $3.1 Billion to Top 50 Creditors

November 21, 2022
in Business
0
Collapsed FTX Owes Nearly .1 Billion to Top 50 Creditors
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Humans can live on Moon for longer periods in this decade: NASA


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.

FTX

FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11 in one of the highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.

FTX Sam Bankman-Fried
Wikimedia Commons

The crypto exchange said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some businesses. A hearing on FTX’s so-called first-day motions is set for Tuesday morning before a U.S. bankruptcy judge, according to a separate court filing.



Source link

Tags: billionCollapsedCreditorsFTXOwesTop
Brand Post

Brand Post

I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Related Posts

Trump seeks vows from tech executives to cover data centre costs
Business

Trump seeks vows from tech executives to cover data centre costs

February 24, 2026
Traditional Leadership Is Not Broken. It Is Obsolete.
Business

Traditional Leadership Is Not Broken. It Is Obsolete.

February 23, 2026
SK Hynix boss pledges to boost output of AI memory chips
Business

SK Hynix boss pledges to boost output of AI memory chips

February 23, 2026
Next Post
FIFA World Cup 2022: Qatar Bans Sale of Cooked Kosher Food and Denies Place of Worship for Jewish Football Fans

FIFA World Cup 2022: Qatar Bans Sale of Cooked Kosher Food and Denies Place of Worship for Jewish Football Fans

Blackpink’s Jisoo, Camila Cabello Stun Fans With ‘Liar’ Performance During ‘Born Pink’ Concert In LA

Blackpink's Jisoo, Camila Cabello Stun Fans With 'Liar' Performance During 'Born Pink' Concert In LA

Kanye West Is Back On Twitter, First Tweet Draws Instant Reactions

Kanye West Is Back On Twitter, First Tweet Draws Instant Reactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ABOUT US

International Business Weekly is an American entertainment magazine. We cover business News & feature exclusive interviews with many notable figures

Copyright © 2026 - International Business Weekly

  • About
  • Advertise
  • Careers
  • Contact
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel

Copyright © 2026 - International Business Weekly