More than 94% of FTX Dotcom creditors voted in favor of FTX's restructuring plan, representing approximately $6.83 billion in claims value
2024-10-01 07:30
Odaily News FTX restructuring administrators disclosed the voting results of its restructuring plan, with more than 94% of FTX Dotcom customers voting in favor. Kroll Restructuring Administration, which is responsible for collecting votes, disclosed in a document on Monday that almost all categories of creditors voted "accept". Two categories of creditors did not return ballots and were deemed to have accepted the plan. Documents filed on Monday showed that in the "Dotcom Customer Rights Claims" category, 94.48% of creditors (representing approximately $6.83 billion in claims value) voted in favor of the restructuring plan. Approximately 89.1% of creditors in the "US Customer Rights Claims" category voted in favor of the plan, representing a claim value of approximately $60.99 million. In addition, 95.88% of creditors in the "dotcom convenience claims" category (representing a claim value of $223.59 million) also voted in favor. According to FTX's bankruptcy plan, approximately 98% of creditors will receive at least 118% of the value of their claims in cash. However, bankruptcy claims are assessed based on the value of the relevant cryptocurrency at the time. (The Block)
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