Summary: FTX owes about $3.1 billion to creditors, according to a recently filed court document. The company has about 1 million creditors, of which its largest claim is for $226 million and the second is for $203 million, the document shows. FTX has hired Sullivan & Cromwell as well as Landis Rath & Cobb as bankruptcy ...

FTX owes about $3.1 billion to creditors, according to a recently filed court document.

The company has about 1 million creditors, of which its largest claim is for $226 million and the second is for $203 million, the document shows.

FTX has hired Sullivan & Cromwell as well as Landis Rath & Cobb as bankruptcy lawyers.

Sullivan & Cromwell is known for its work with Eastman Kodak and Nortel Networks during its bankruptcy case, as well as as counsel for FTX during its acquisition of Voyager Digital’s assets earlier this year.

Author: Katie Lin

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Link: FTX Has Debt of $3.1 Billion, Owes Largest Creditor $226 Million   [Copy]