2024

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<ul class="wp-block-list news-points"> 
 <li><strong>Over 95% of FTX creditors back the reorganization plan, signaling strong recovery support.&nbsp;&nbsp;</strong></li> 
 <li><strong>FTX’s reorganization plan aims to distribute $14.5B-$16.3B, returning 100% plus interest to creditors.</strong></li> 
 <li><strong>Ex-FTX exec Ryan Salame challenges guilty plea, citing pressure and unfulfilled prosecutor agreements.</strong></li> 
</ul> 
<p>FTX has secured crucial backing from its creditors for its proposed reorganization plan, bringing it a step closer to final approval. The plan, outlining how assets will be distributed and claims resolved, has garnered support from over 95% of voting creditors. This overwhelming support is a positive development for FTX as it navigates its <a href="https://coinedition.com/ftx-bankruptcy-update-12-7-billion-settlement-with-cftc/">Chapter 11</a> bankruptcy proceedings.</p> 
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   <p lang="en" dir="ltr">The FTX Debtors today announced overwhelming support from Creditors for their Plan of Reorganization. Read about it here: <a href="https://t.co/tmEIi5z8AD" target="_blank" rel="nofollow">https://t.co/tmEIi5z8AD</a></p>— FTX (@FTX_Official) <a href="https://twitter.com/FTX_Official/status/1826365362998501704?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 21, 2024</a>
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<p>FTX and its affiliated debtors revealed that over 95% of participating creditors voted in favor of <a href="https://www.prnewswire.com/news-releases/ftx-announces-overwhelming-support-from-creditors-for-plan-of-reorganization-302227961.html?tc=eml_cleartime" target="_blank" rel="nofollow">the reorganization plan</a>. These votes account for 99% of the claims by value, demonstrating widespread agreement among creditors, including those tied to FTX U.S. and FTX Dotcom.</p> 
<p>The reorganization plan estimat…</p>
<p>The post <a href="https://coinedition.com/ftx-reorganization-plan-wins-95-creditor-approval/">FTX Reorganization Plan Wins 95% Creditor Approval</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

FTX Reorganization Plan Wins 95% Creditor Approval

Coin Edition

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