Good news for FTX creditors! FTX’s reorganization plan is on the brink of approval after securing substantial backing from its creditors.
With 95% of creditors in favor, representing 99% of the claim value, the plan aims to distribute between $14.5 billion and $16.3 billion in recovered assets.
This significant support demonstrates a general agreement among stakeholders and indicates that creditors might finally get their due through the reorganization plan.
