• Fri. Sep 29th, 2023



FTX reported more than a million creditors


Aug 30, 2022

FTX reported more than a million creditors

The bankruptcy statement submitting a bankruptcy of the United States on Bankruptcy Operator Bitcoin-Birzhi FTX has more than a million creditors. This follows from the document for the court.

“As indicated in the petitions of debtors, in these cases there are more than one hundred thousand creditors. In fact, their number may exceed a million “, – says in the statement.

The company proposed to consider cases for all 130 affiliated organizations Google Cloud and , including Alameda Research, as part of a single process, and not individually in each case.

“Debtors argue that there is a reason to change this requirement in such a way that they present a consolidated list of their 50 largest creditors”, – says in the statement.

Representatives of Sam Bankman-Fried, companies requested the opportunity to send notifications to creditors by e-mail.

The document mentions that the exchange was in contact with law enforcement agencies regarding the unauthorized withdrawal of funds worth more than $ 400 million. Its reason is still unknown.

Also, “questions arose about managing a complex set of assets and organizations affiliated with FTX under the leadership of Bankman-Fried”.

Recall, according to the application of Alameda Research, she has more than 100,000 creditors. The assets and obligations of the company are estimated in the range from $ 10 billion to $ 50 billion.

According to Fortune, the US Ministry of Justice has everything necessary to initiate a criminal case against Bankman-Fried and other leaders of a bankrupt exchange.

Earlier, SEC and CFTC have also begun studying FTX relationships with its American unit and AlaMeda, according to Bloomberg.

The agency considered unlikely the return of funds by customers of the bankrupt exchange, the “hole” in the balance sheet of which amounted to about $ 8 billion.

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