Bankrupt crypto exchange FTX announced on Aug. 21 that its reorganization plan has garnered strong preliminary support from creditors. According to FTX, over 95% of creditors have endorsed the plan, representing 99% of the claims by value. This broad backing indicates widespread consensus among FTX creditors. FTX CEO John J. Ray III emphasized the significance […]
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Former FTX exec files lawsuit as exchange announces reorganization gains support