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Jan 9

FTX owes more than $3 billion to its 50 largest creditors

The bankrupt crypto exchange FTX owes more than $3 billion to its 50 largest creditors. That's according to documents released as part of the exchange's bankruptcy proceedings on Saturday. FTX owes over $225 million to its largest creditor, which together total roughly $1.45 billion to its 10 largest creditors and nearly $3.1 billion to its 50 largest creditors. The document notes that the established rules of bankruptcy proceedings involve the publication of the largest unsecured c...

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