FTX says creditors support restructuring plan with 95% vote

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 voted, the company said.
FTX also added that based on the voting value, more than two-thirds of the petitioners participated in the debtor's request process. FTX said that in light of the above results, the plan may meet the acceptance threshold under U.S. bankruptcy law. The company also said it will submit the final vote results to the bankruptcy court before its confirmation hearing on October 7.