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FTX restructuring plan sparks controversy in court, creditors are about to vote
FTX's bankruptcy reorganization plan has sparked a heated debate in Delaware bankruptcy court. FTX attorneys and creditors debated the disclosure statement at Tuesday's hearing. The statement gives creditors information to help them decide whether to accept the reorganization plan. FTX plans to pay at least 118 percent of the amount claimed to 98 percent of its creditors, but some want to pay in cryptocurrency rather than cash. Judge John Dorsey needs to approve the plan, creditors will then vot...
2024-06-26 06:53:51
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