Coinspeaker
FTX Bankruptcy Plan Gains Overwhelming Creditor Support
The proposed reorganization plan by the restructuring administration of the collapsed crypto exchange FTX has gained massive support from creditors. According to a recent filing, over 94% of the voting creditors in the “dotcom customer entitlement claims” class have voted in favor of the plan.
The firm responsible for soliciting votes, Kroll Restructuring Administration, revealed that nearly all classes of creditors voted to accept the reorganization plan. Although the two classes did not return their votes, and they were presumed to have accepted the plan.
The filing revealed that 89.1% of the creditors that fall to the “US customer entitlement claims” class voted in favor of the plan; this class will be getting $60.99 million. Also, 95.88% of the creditors in the “dotcom convenience claims” class, representing $223.59 million in claims, also voted to approve the plan.
Based on the FTX bankrup
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