Collapsed-crypto exchange FTX in touch with regulators, may have 1m creditors

Collapsed-crypto exchange FTX in touch with regulators, may have 1m creditors

FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

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 investigations and lawmakers called for clearer rules on how the industry operates.