FTX in talks with regulators, may have 1 million creditors- bankruptcy filings

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Reuters UK

By Akriti Sharma and Daniel Leussink (Reuters) – Collapsed-crypto exchange FTX outlined a “severe liquidity crisis” in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened investigations and lawmakers called for clearer rules on how the industry operates. FTX’s filing to a U.S. bankruptcy court, published late on Monday in the United States, said it was in contact with financial regulators and had appointed five new independent directors at each of its main companies, including its sibling trading firm Alameda Research. The exchange, whic…

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