FTX's new leadership is in touch with regulators, may have over 1M creditors, new filings say

2022/11/15 07:43

According to CoinDesk, FTX may have more than 1 million creditors, according to a court filing that finally began to explain the company's descent into bankruptcy. The document, filed to the federal court database system PACER late Monday, provided the first true glimpse of the crypto exchange's last day prior to filing for bankruptcy and its first few days going through the process. FTX's new CEO, veteran insolvency overseer John J. Ray III, is working with legal, cybersecurity and forensic advisers on the company's myriad subsidiaries and their respective bankruptcy processes, the filing said. FTX filed over 100 dockets for its various related companies, including Alameda Research, the quant trading shop that held a lot of FTT tokens, West Realm Shires, a business entity in the U.S. that operates as FTX in some jurisdictions, and Clifton Bay Investments.

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