As part of the more than 100 dockets filed by the failed crypto group — which includes Alameda Research — FTX filed motions to group entities together.
Bankrupt crypto exchange FTX may have more than one million creditors, a new court filing shows.FTX, the crypto exchange founded by Sam Bankman-Fried that filed for bankruptcy last week, said it may may have more than a million creditors in a sign of how complicated this insolvency will be to unpick.
As part of the more than 100 dockets filed by the failed crypto exchange group — which includes sister trading firm Alameda Research — FTX filed motions to group entities together, as opposed to individualizing the cases."The debtors submit that cause exists to modify that requirement such that the debtors will file a consolidated list of their top 50 creditors," the filing reads.
Last week's hundreds of millions of dollars of unusual crypto outflow were also noted in the filing, and the exchange claims it has been in contact with the U.S. Attorney's Office, the Securities and Exchange Commission and the Commodity Futures Trading Commission, among others. The reason for the outflows — which somefor Chapter 11 bankruptcy protection on Friday, citing somewhere between $10 billion and $50 billion in assets and liabilities, as well as more than 100,000 creditors.
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