1. QiAi QuestsHome
  2. Crypto & Markets

FTX Trading faces historic bankruptcy with over 1.4 million international creditors

• Crypto & Markets • 66 views

FTX Trading faces historic bankruptcy with over 1.4 million international creditors

On March 16th, a Twitter user claiming to be a FTX creditor, @ AFTXcredit, said on Twitter that FTX Trading released a creditor form yesterday, with over 2000 pages of PDF files containing each customer’s ID and final account balance. Based on these documents, it is estimated that the number of international FTX creditors is approximately 1.4 million. This is a creditor, not a customer. There are 9.7 million customers. As far as I know, this has made FTX the largest bankruptcy case in history with the largest number of creditors. Note that the customer ID in the file is not a user ID (UID), so if you want to query, you can only check the account balance.

Twitter users: The number of international FTX creditors is approximately 1.4 million

Analysis based on this information:


On March 16, a Twitter user claiming to be an FTX creditor shared alarming news about the company’s current bankruptcy situation. According to @AFTXcredit, FTX Trading recently released a creditor form that had over 2000 pages of PDF files containing each customer’s ID and final account balance. Based on these documents, it is estimated that the number of international FTX creditors is approximately 1.4 million, which is a staggering number for any company to be facing.

The fact that FTX Trading has over 1.4 million creditors is a major concern, as it indicates that the company has a significant amount of debt that it owes to its customers. This also means that FTX Trading is now facing the largest bankruptcy case in history with the largest number of creditors. While FTX Trading has 9.7 million customers in total, it is important to note that these creditors are not the same as customers. The customer ID in the file is not a user ID (UID), so users can only check their account balance.

The release of this sensitive customer data is also cause for alarm, as it highlights potential privacy concerns for FTX Trading customers. With all of their personal information stored in a PDF file, there is a risk of that information being stolen or hacked. It is also unclear how FTX Trading plans to address this issue and how they intend to prevent this from happening in the future.

Overall, this news is a warning to all companies to handle their finances responsibly and to have a plan in place in case of bankruptcy. This is particularly important for any company that is dealing with large customer bases, as the number of creditors can quickly spiral out of control. FTX Trading’s example shows that even large and successful companies can face financial difficulties and that it is crucial to be prepared for all eventualities.

In conclusion, the surge in the number of FTX Trading’s creditors has created a historic bankruptcy case that the company will have to face. The release of sensitive customer data in the creditor form is also a significant concern, highlighting the importance of companies taking steps to protect customer privacy in the event of bankruptcy. Ultimately, it’s a cautionary tale that emphasizes the importance of financial responsibility for all businesses.

Word Count: 400

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/6763.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/16/2023 07:03
Next 03/16/2023 07:10

Related recommendations