John Ray UPS Ethereum CEO FTX John Ray

FTX Latest – Crypto Prices Fall as Filings Show Top 50 Creditors Are Owed $3.1 Billion, 2 Owed More than $200 Million Each

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A list of the top 50 creditors of the FTX group of companies has been filed with the bankruptcy court, and the sum total amounts to $3.1 billion.The top two creditors are owed $226 million and £203 million.

None of the names of the creditors are included in the list, in line with a request by FTX to shield its clients’ identity for reasons of business competitiveness.The 50th largest creditor is owed $21.3 million.Today’s filing uncovers the first concrete details relating to the shape of FTX companies’ liabilities, which are thought to amount to around $10 billion.Bitcoin and other crypto prices have weakened since the news emerged, with total crypto market cap down 1.93% to $821 billion.Bitcoin has slipped 1.2% in the past 24 hours, trading at $16.497, Ethereum is down 3% at $1,166 and Dogecoin off 6% at $0.079.However, the poor record-keeping by FTX means that new CEO John Ray cannot be absolutely sure that the top 50 list is accurate.

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