Strong

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<p><strong>Key points</strong>:</p>  
<ul class="wp-block-list">
 <li><em>According to a Monday filing, about 94.48% of creditors in the “dotcom customer entitlement claims” class who returned ballots voted in favor of the plan.</em></li>  
 <li><em>The reorganization plan’s confirmation hearing is scheduled for Oct. 7.</em></li> 
</ul>  
<h5 class="wp-block-heading"><strong>Over 94% of FTX Dotcom creditors voted in favor of the FTX Reorganization Plan, with a confirmation hearing set for Oct. 7. U.S. creditors also showed strong support.</strong></h5>  
<figure class="wp-block-image size-large"><img src="https://coincu.com/wp-content/uploads/2024/10/telegram-cloud-photo-size-5-6332597595263844222-y-1024x576.jpg" alt="" class="wp-image-285128">
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<h2 class="wp-block-heading" id="strong-ftx-reorganization-plan-receives-strong-creditor-support-strong"><strong>FTX Reorganization Plan Receives Strong Creditor Support</strong></h2>  
<p>The reorganization plan of FTX was supported by more than 94% of Dotcom creditors representing claims of $6.83 billion, while U.S. creditors also supported it at 89%.</p>  
<p>The <a href="https://restructuring.ra.kroll.com/FTX/Home-DownloadPDF?id1=MzIxNDIwMw==&amp;id2=-1" target="_blank" rel="noopener noreferrer nofollow">confirmation</a> hearing for the FTX Reorganization Plan will be on October 7th and is a significant milestone toward moving the bankruptcy claims to a conclusion for the benefit of 98% of creditors.</p>  
<p class="has-background" style="background-color:#222222"><strong>Read more: <a href="https://coincu.com/272054-arbitrum-bridge-now-supports-okx-web3-wallet/" data-type="link" data-id="https://coincu.com/272054-arbitrum-bridge-now-supports-okx-web3-wallet/" target="_blank" rel="noopener noreferrer nofollow">FTX Repayment Plan Changes Leave Creditors Feeling Scammed Twice</a></strong></p>  
<h2 class="wp-block-heading" id="strong-ftx-dotcom-creditors-show-overwhelming-support-for-plan-strong"><strong>FTX Dotcom Creditors Show Overwhelming Support for Plan</strong></h2>  
<p>With over 94% of Dotcom creditors voting for the proposal, FTX's reorganization plan now goes ahead with a cash settlement against the value of the claim at bankruptcy.</p>  
<p>It is expected that in the restructuring terms, creditors would get up to 118% of the value of their claim. Almost all classes of creditors favored the FTX Reorganization Plan.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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FTX Reorganization Plan Backed By Over 94% Of Dotcom Creditors

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