Bankrupt crypto exchange FTX and its related debtors have announced their preliminary agreement to a reorganization plan submitted to the US Bankruptcy Court for the District of Delaware.
According to a recent press release, the reorganization plan has received substantial backing from creditors, with 95% showing support for the amended plan.
The support from creditors indicates strong confidence in the proposed path to recovery for the bankrupt crypto exchange.
The post about the reorganization plan first appeared on CoinGape.
