FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.
Bankrupt crypto trading platform FTX claims its amended reorganization plan gained overwhelming preliminary support from creditors entitled to vote.
In an announcement, FTX and its affiliated debtors said that its amended reorganization plan filed with the United States Bankruptcy Court for the District Court of Delaware received majority support from all classes of creditors that were qualified to vote, including customer classes in FTX US and FTX Dotcom.
Citing unofficial voting reports, FTX said that over 95% of creditors who had already submitted their votes favored the plan. The firm said that this represents 99% of voted claims by value.
