According to a court filing, FTX owes over three billion dollars to its largest creditor.
The firm, which filed for Chapter 11 in the US last week, says it owes over a billion dollars to its top 10 debts.
The collapse of the largest exchange shook confidence in the market.
More than one million people and businesses could be owed money after FTX collapsed.
FTX said on Saturday that it had begun a review of its global assets and was preparing for the sale or reorganization of some businesses.
There will be a court hearing on Tuesday.
It's not clear how much people with funds in the exchange will get back at the end of the proceedings, though experts warn it may be a small fraction of what they put into the firm.
Mr Ray criticized a lack of financial information.
Mr Bankman-Fried told the news website that he regretted his decision to file for bankruptcy. He didn't like financial regulators.
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