FTX Owes Its 50 Biggest Unsecured Creditors More Than $3 Billion

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ATLANTA, GEORGIA - NOVEMBER 10: In this photo illustration, the FTX logo is seen on a computer on November 10, 2022 in Atlanta, Georgia. Binance, the world’s largest cryptocurrency firm, agreed to acquire FTX, another large cryptocurrency exchange, in a rushed sale in order to prevent a liquidity crisis, which is known as the "Lehman Moment" in the crypto industry. (Photo Illustration by Michael M. Santiago/Getty Images) Photographer: Michael M. Santiago/Getty Images

Sam Bankman-Fried's bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each.

FTX-linked entities owe their single biggest unsecured creditor more than $226 million, according to a redacted list of top 50 creditors filed late Saturday. All of them were listed as customers and ten have claims of more than $100 million each, the filings show.

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The creditors, whose names and  locations weren't disclosed, are among the vast array of people and institutions caught up in FTX's insolvency. The 50 largest claims are all from customers owed $21 million or more. 

In the US, bankrupt companies are required to disclose information about their debts as part of insolvency proceedings. Creditors will get to weigh in on the best way for FTX to repay its debts as the bankruptcy unfolds. 

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FTX said it has assets and liabilities of at least $10 billion each in preliminary court papers. The case may involve more than one million creditors, according to lawyers for FTX. 

The case is FTX Trading Ltd., 22-11068, U.S. Bankruptcy Court for the District of Delaware.

--With assistance from .

(Updates with new headline and first paragraph showing total amount owed to top 50 creditors.)

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