"FTX Owes Its Largest Creditor \$226M; Top 50 Owed Total of About \$3.1B" (Nov 21, 2022)

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Relevant to AI safety discussions because FTX/SBF collapse significantly impacted EA-aligned AI safety funding pipelines and raised questions about governance, ethics, and institutional trust in the broader EA/AI safety ecosystem.

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Importance: 20/100news articlenews

Summary

Reports on the scale of FTX's financial obligations revealed during bankruptcy proceedings in November 2022, showing the top 50 creditors were owed approximately $3.1 billion, with the single largest creditor owed $226 million. The article documents the magnitude of harm caused by FTX's collapse to customers and institutional counterparties.

Key Points

•FTX's largest single creditor was owed $226 million at the time of bankruptcy filing in November 2022.
•The top 50 creditors collectively were owed approximately $3.1 billion, illustrating massive systemic exposure.
•The bankruptcy filing revealed the scale of mismanagement and alleged fraud under Sam Bankman-Fried's leadership.
•The collapse raised significant concerns about oversight, governance, and trust in crypto and effective altruism-adjacent institutions.
•FTX's failure had downstream consequences for AI safety funding, as SBF was a major donor to EA and AI safety causes.

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Page	Type	Quality
FTX Collapse: Lessons for EA Funding Resilience	Concept	78.0

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# FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of About $3.1B

## A court document filed over the weekend doesn't name the creditors.

By [Sam Reynolds](https://www.coindesk.com/author/sam-reynolds)

Updated May 9, 2023, 12:03 a.m. Published Nov 20, 2022, 10:47 p.m.

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FTX’s largest creditors have claims ranging from hundreds of millions to tens of millions of dollars, according to a recently filed court document.

This document shows that of FTX’s [estimated 1 million creditors](https://www.coindesk.com/policy/2022/11/15/ftxs-new-leadership-is-in-touch-with-regulators-may-have-over-1m-creditors-new-filings-say/), the larges

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