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Why FTX’s Remarkable 95% Approval Rate for Reorganization Plan Has Creditors Eagerly on Board
FTX, a defunct crypto exchange, has recently announced that its amended reorganization plan has received overwhelming support from creditors eligible to vote, suggesting that it is likely to surpass the required thresholds for approval under U.S. bankruptcy law. This positive reception signifies a significant step forward for the exchange as it navigates its restructuring process.…