FTX’s Reorganization Plan Secures Support from Over 94% of Dotcom Creditors

Quick Summary:

Kroll Restructuring Administration, the restructuring administrator, reported that over 94% of Dotcom voting creditors expressed their support.  The results were disclosed in a filing on Monday.

The beleaguered FTX cryptocurrency exchange has received significant backing for its proposed reorganization plan.

It reflects a strong consensus among various classes of creditors, paving the way for potential […]

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Author / Journalist: Abdulkarim Abdulwahab

Category: Crypto

Markets: IndiaUnited States

Topics: Market Market News Cryptocurrency Ftx News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 14:00:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 147 words

Reading Time: 1 minutes read

Sentences: 44 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22839009

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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