FTX's restructuring plan received over 94% support from Dotcom creditors

ChainCatcher news, according to The Block, FTX's restructuring administrator disclosed the voting results of its restructuring plan, with over 94% of FTX Dotcom customers voting in favor.

Monday's filing shows that in the "dotcom customer equity claims" category that participated in the vote, 94.48% of creditors (by value, with claims amounting to approximately $6.83 billion) support the restructuring plan. The confirmation hearing for the restructuring plan is scheduled for October 7.

According to FTX's bankruptcy plan, approximately 98% of creditors are expected to receive at least 118% of the value of their claims in cash. However, these bankruptcy claims are assessed based on the value of the relevant cryptocurrencies at the time.