FTX Reorganization Plan Nears Approval With 95% Creditor Support

FTX Reorganization Plan Nears Approval With 95% Creditor Support

Bankrupt crypto exchange FTX and related debtors have indicated their preliminary agreement to the reorganization plan submitted to the US Bankruptcy Court for the District of Delaware.
FTX Reorganization Plan Nears Approval
According to a recent press release, the bankrupt crypto exchange and its affiliated debtors said they have received substantial backing for the amended Plan of Reorganization submitted to the United States Bankruptcy Court for the District of Delaware. Based on unofficial voting updates, over 95% of the creditors who voted for the Plan have voted in the affirmative.
These votes represent 99% of the claims by value, thus showing the general agreement among all the creditors, including those linked to FTX U.S. and Dotcom.
The FTX Debtors today announced overwhelming support from Creditors for their Plan of Reorganization. Read about it here: https://t.co/tmEIi5z8AD
— FTX (@FTX_Official) August 21, 2024

John J. Ray III, the CEO and Chief Restructuring Officer of F

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