The embattled cryptocurrency exchange FTX owes more than $3 billion in debt to its creditors

The largest unsecured creditor is owing more than $226 million, according to a list of FTX's top 50 unsecured creditors that does not include their names or other personally identifying information. Over $203 million in unpaid obligations from FTX are being sought by the second-largest unsecured creditor.

The claims total $3.1 billion and are classified as unsecured because there is no collateral to secure them. According to a previous bankruptcy filing, FTX may have more than 1 million creditors.

Sam Bankman-Fried, the discredited founder of FTX, resigned as CEO earlier this month as the business sought Chapter 11 bankruptcy protection.

After the CEO of a rival company, Binance, announced that his exchange will liquidate its FTT tokens, FTX, which had once been valued at $32 billion, crashed in a matter of days. As a result, FTX's native coin, FTT, fell sharply, creating a liquidity shortage there.

According to reports, the Securities and Exchange Commission and the Department of Justice are looking into what took place.

On Monday, the price of bitcoin and other cryptocurrencies declined. Since Zhao's tweet on November 6th, the value of the cryptocurrency market has lost more than $260 billion.

Peers in the cryptocurrency sector have accused Bankman-Fried of egregious fraud and mismanagement.

According to earlier CNBC reporting, his exchange reportedly exploited customer funds to execute dangerous bets.

John Ray III, the new CEO of FTX, claimed in a document that several of the FTX group companies "did not have sufficient corporate governance," providing a devastating description of the company's demise last week.

In a statement on Thursday, FTX claimed to have reliable proof that the exchange had transferred assets into the care of the Bahamian government.

The new CEO of the business is currently looking to sell or restructure its vast enterprise.

When reached by CNBC on Monday, neither FTX nor Bankman-Fried was available for comment.

This year has seen a series of high-profile failures that have hurt cryptocurrency investors and had ripple consequences. The so-called stablecoin terraUSD's demise earlier this year had an impact on a number of businesses and led to the demise of Three Arrows Capital, a significant hedge fund.

The most recent market crash has sparked concerns about the opaqueness of major players in the cryptocurrency sector, which is frequently hailed as being more decentralized and transparent than traditional finance.

According to Jon Cunliffe, deputy governor of the Bank of England, the FTX fiasco has given regulators more motivation to take action on cryptocurrencies.