The failed cryptocurrency exchange FTX owes more than $3 billion to its largest creditors, the company disclosed in a court filing over the weekend.
The list of the top 50 unsecured claims against FTX gives the public a first glance into the amount of money Sam Bankman-Fried's companies may owe his customers. The top claim was more than $226 million.
The names, addresses and other information about the claims were redacted by the court.
Bahamas-based FTX filed for on Nov. 11 after the exchange acknowledged that it had used customer funds to cover bad bets by Bankman-Fried's trading arm, Alameda Research. Since it went into bankruptcy, the lawyers tasked with sorting through the aftermath have described in court filings the company that had little risk controls and would use company funds to pay for personal purchases of its employees.
“Never in my career have I seen such a and such a complete absence of trustworthy financial information as occurred here,” said John Ray III, the new CEO of FTX, in a court filing.
FTX's lawyers will appear in bankruptcy court on Tuesday for the first hearings.
