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Fortune

Marco Quiroz-Gutierrez

FTX has at least 1 million creditors, more than 10 times what it previously claimed

FTX Changpeng “CZ” Zhao Sam Bankman-Fried Celsius

Stack of coins falling over (Credit: Photo Illustration by Fortune)

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.

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