FTX, cryptocurrency exchange filed for bankruptcy protection earlier this month.
The top 10 creditors of failed exchanges owed about $1.45 billion. Creditor identities have been redacted.
John Ray III, who was appointed CEO of FTX after founder Sam Bankman-Fried stepped down, said on Saturday the company has begun a strategic review of the exchange’s assets.
FTX was once the world’s third-largest exchange, valued at around $32 billion, before a liquidity crisis took the company down earlier this month. Before Bankman-Fried stepped down on November 11, FTX, his trading company, his Alameda Research, and affiliates filing for bankruptcy.
An estimated 1 million customers and other investors face billions of dollars in losses.
Ray, the attorney who oversaw the $23 billion bankruptcy of energy company Enron, wrote in another court filing this week that he did “unconfident” FTX balance sheet.
“Never in my career have I seen such a complete failure of corporate management and complete lack of reliable financial information as happened here,” Ray said in a November 17 filing. .
“The integrity of the system has been compromised, from misregulatory oversight abroad to centralized control in the hands of a very small number of groups that are inexperienced, unsophisticated and potentially at risk. To date, this situation is unprecedented.”
Megan Henney of Fox Business and Reuters contributed to this report.