Collapsed FTX owes billions of dollars to top 50 creditors

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Collapsed FTX owes billions of dollars to top 50 creditors
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Cryptocurrency exchange FTX says it owes its 50 biggest creditors nearly $3.1 billion after it filed for US bankruptcy court protection

A hearing on FTX's so-called first-day motions is set for Tuesday morning before a US bankruptcy judge, according to a separate court filing.

The exchange owes about $1.45 billion to its top 10 creditors, it said in a court filing on Saturday, without naming them. A hearing on FTX's so-called first-day motions is set for Tuesday morning before a US bankruptcy judge, according to a separate court filing.In March, President Joe Biden issued an executive order directing the Treasury Department and other agencies to study the impact of cryptocurrency on financial stability and national security.

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