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1 million creditors are expected to have claims in FTX bankruptcy
source link: https://nextbigwhat.com/1-million-creditors-are-expected-to-have-claims-in-ftx-bankruptcy/
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1 million creditors are expected to have claims in FTX bankruptcy
The collapsed crypto exchange FTX expects to have more than 1 million individual creditors, the company has said in its first bankruptcy filing, scattered across more than 100 companies in the wider group.
“FTX faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis last Friday,” the documents say.
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