How many creditors does FTX have?

When crypto exchange FTX filed for bankruptcy last week it said it owed money to about 100,000 creditors. A Tuesday filing puts that number at more than 1 million. Lawyers for the company said in the filing that the case is complex and involves more than 100 debtor entities on the FTX side and a million-plus creditors—mostly FTX customers.

Why did Bankman-fried activate a secret FTX borrowing facility?

Wang added that a secret and unique borrowing facility for Alameda was activated the same day — July 31 2019 — that Bankman-Fried took to Twitter to assure FTX users that the trading firm’s accounts were treated “just like everyone else’s” on the crypto exchange.

Will Binance buy FTX?

After FTX sees $6 billion in customer withdrawals in three days, Binance boss Changpeng Zhao says the company has signed a nonbinding agreement to buy FTX's non-U.S. unit. Binance scraps the deal the next day. FTX files for U.S. bankruptcy protection, and Bankman-Fried resigns as its chief executive officer.

How much is FTX worth?

FTX has now raised about $1.8 billion since July, when the company was valued at $18 billion—15 times its valuation one year prior. Since its launch just two years ago, FTX has quickly grown into one of the world’s largest cryptocurrency exchanges, consistently ranking among the top ten busiest by trading volume, according to CoinMarketCap.