FTX creditors may number over 1 million as regulators seek answers

FTX creditors may number over 1 million as regulators seek answers

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 probes and the crypto pain spread with the Wall Street Journal reporting BlockFi was planning layoffs and a possible bankruptcy filing.

FTX officials in contact with US regulators

FTX's officials have been in contact with the U.S. regulators and other international regulatory agencies over the past 72 hours, it said in a filing on Monday, after authorities opened probes following last week's collapse of the crypto exchange.