{"id":70115,"date":"2022-11-15T18:19:00","date_gmt":"2022-11-15T16:19:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70115"},"modified":"2025-09-08T00:12:51","modified_gmt":"2025-09-07T21:12:51","slug":"ftx-reports-more-than-one-million-creditors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ftx-reports-more-than-one-million-creditors\/","title":{"rendered":"FTX reports more than one million creditors"},"content":{"rendered":"

The operator of the bitcoin exchange FTX, which filed for Chapter 11 bankruptcy in the United States, has more than one million creditors. This is according to court documents<\/a>.<\/p>\n

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“As stated in the debtors’ petitions, these cases involve more than one hundred thousand creditors. In reality, their number may exceed a million,”<\/em> \u2014 the statement said.<\/p>\n<\/blockquote>\n

The company proposed that cases against all 130 affiliated entities, including Alameda Research, be consolidated into a single process rather than handled individually in each case.<\/p>\n

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“The debtors argue that there is a reason to modify this requirement so that they present a consolidated list of their 50 largest creditors”<\/em>, the statement said.<\/p>\n<\/blockquote>\n

Representatives associated with Sam Bankman-Fried<\/a> firms requested the ability to send creditor notifications by email.<\/p>\n

The document notes that the exchange contacted law enforcement authorities regarding an unauthorized withdrawal of more than $400 million<\/a>. The reason remains unknown.<\/p>\n

There were also questions about the management of a complex set of assets and FTX-affiliated entities under Bankman-Fried’s leadership.<\/p>\n

As reported in Alameda Research’s filing, it has more than 100,000 creditors. The company’s assets and liabilities are estimated in the range of from $10 billion to $50 billion<\/a>.<\/p>\n

According to Fortune, the U.S. Department of Justice has everything it needs to bring a criminal case against Bankman-Fried and other executives of the bankrupt exchange<\/a>.<\/p>\n

Earlier, the SEC<\/span> and CFTC<\/span> also began examining the connections<\/a> between FTX and its U.S. subsidiary and Alameda, according to Bloomberg.<\/p>\n

The agency deemed it unlikely that customers would recover funds<\/a> from the bankrupt exchange, whose balance-sheet gap stood at about $8 billion<\/a>.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

FTX, the bitcoin exchange operator filing for Chapter 11 bankruptcy, has more than one million creditors, according to court documents.<\/p>\n","protected":false},"author":1,"featured_media":70116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1435,1162,1236],"class_list":["post-70115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-alameda-research","tag-court-cases","tag-ftx"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70115"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70115\/revisions"}],"predecessor-version":[{"id":70117,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70115\/revisions\/70117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70116"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}