FTX debtors report reveals cryptocurrency exchange owed customers $8.7 billion

The report reveals that FTX.com owed customers approximately $8.7 billion as of the petition date.

Photo of the coin of Bitcoin

FTX Trading Ltd. and its affiliated debtors have released a second report detailing the commingling and misuse of customer deposits at FTX.com by the previous management team.

The report have identified that cryptocurrency exchange owed customers around $8.7 billion as of the petition date. The report emphasizes the commitment of the debtors to transparency and recovering as much value as possible for creditors.

The review is still ongoing, and the debtors plan to release the third report in August 2023.