Bankrupt crypto exchange, according to a new court filing FTXmay have more than one million creditors.
filed for bankruptcy a short time ago FTX continues to be the black cloud of the industry. In the process leading up to bankruptcy, the losses caused by the stock market, which has already brought many problems with it, are growing. It is stated that 100 thousand people who are reported to be creditors can reach 1 million.
FTX Has Over 100,000 Creditors
Sam Bankman-FriedCrypto exchange FTX, which was founded by FTX and filed for bankruptcy last week, said it may have more than a million creditors, a sign of how complex this bankruptcy will be.
According to a court filing added to the federal court database system PACER on Monday, “There are more than one hundred thousand creditors in Chapter 11 cases, as noted in the debtors’ petitions. In fact, there may be more than a million creditors.”
FTX also requests that it be able to serve bankruptcy notices to creditors via e-mail rather than at their physical residence, especially since its customers’ e-mail addresses are already on file.
On file, FTX’s new CEO John J. Ray IIImanagement, the company is reportedly working with legal, cybersecurity and forensic advisors on numerous subsidiaries and related bankruptcy processes.
