collapsedcrypto exchange ftx outlined a severe liquidity crisis in us 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 operatesftxs filing to a us bankruptcy court published late on monday in the united states said it was in contact with financial regulators and had appointed five new independent directors at each of its main companies including its sibling trading firm alameda researchthe exchange which had been among the worlds largest filed for bankruptcy protection on friday in one of the highestprofile crypto blowups after panicked traders withdrew 6 billion from the platform in just 72 hours and rival exchange binance abandoned a rescue dealftx faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis last friday the court filing statedquestions arose about mr bankmanfrieds leadership and the handling of ftxs complex array of assets and businesses under his directionftx founder and former chief executive sam bankmanfried said he expanded his business too fast and failed to notice signs of trouble at the exchange whose downfall sent shock waves through the crypto industry the new york times reported late on mondaythere are more one hundred thousand creditors involved in the bankruptcy case although this number could surpass one million the filings said as ftx requested that multiple ftx group companies file one consolidated list of major creditors rather than separate onesthe filings also confirmed that ftx had responded to a cyber attack on november 11 after saying on saturday it had seen unauthorized transactions on its platformftx has engaged alvarez marsal as financial advisor and the firm said it has been in contact with the us attorneys office sec cftc and dozens of federal state and international regulatory agencies over the past 72 hoursregulatory scrutinythe sudden collapse of bahamasheadquartered ftx once a rising star of the crypto industry with a 32 billion valuation as of january has sparked investigations by financial regulators and other supervisory bodies around the worldthe securities commission of the bahamas in a statement also dated monday said two pwc partners had been approved by the supreme court as joint provisional liquidators for ftxthe commission said it had moved to use its regulatory powers to protect the interests of clients and creditors of ftx digital markets a local unit of the exchange given the magnitude urgency and international implications of the unfolding eventsit said it would engage with other supervisory authorities several global regulators have moved to remove licences form local ftx units and are looking into the companyinvestigations by the us justice department the securities and exchange commission sec and commodity futures trading commission cftc are also underway a source with knowledge of the investigations told reuterscrypto industry peers and partners have been quick to distance themselves from ftx and demonstrate their sound financials though several have disclosed they are exposed to ftx having held tokens on the exchange or by owning