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According to the official announcement, the FTX debtor restructuring plan has come into effect today. Customers need to file a claim through the official website to be eligible for a refund, and FTX said the first group of customers should receive a refund within 60 days. The first "convenience" users will be reimbursed first under the FTX scheme, which includes those with claims of $50,000 or less. The scheme, which was approved in October, provides that 98 per cent of FTX users are expected to...
FTX and its affiliated debtors said in a notice that its revised reorganization plan, filed with the Bankruptcy Court of the U.S. District Court for the District of Delaware, received majority support from all classes of creditors eligible to vote, including FTX US and FTX Dotcom's customer classes. Citing unofficial voting reports, FTX said more than 95 percent of creditors who had submitted votes were in favor of the plan. That represented 99 percent of the value of the claims that had been vo...
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