FTX creditors ‘could be owed $3bn’

Collapsed cryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn (£2.6bn), according to reports.

The extent of the debt appeared in court filings.

FTX, which filed for bankruptcy in the United States last week, says it owes about $1.45bn to its top 10 creditors.

None of them has been named.

Its young high-flier boss Sam Bankman-Fried stepped down as the exchange crashed.

As reported last week, FTX’s previous bankruptcy filings revealed more than one million people and businesses may be owed money.

FTX said at the weekend that it was launching a review of its global assets and was preparing for the sale or reorganisation of some businesses.

Tomorrow, a court hearing before a US bankruptcy judge is due to be heard.

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