More than 94% of FTX Dotcom creditors voted in favor of FTX's restructuring plan, representing approximately $6.83 billion in claims value

FTX Restructuring Administrators disclosed the voting results of its restructuring plan, with more than 94% of FTX Dotcom customers voting in favor. Kroll Restructuring Administration, which was responsible for collecting votes, disclosed in a document on Monday that almost all classes of creditors voted "accept". Two classes of creditors did not return ballots and were deemed to have accepted the plan. The filing on Monday showed that 94.48% of creditors in the "Dotcom Customer Rights Claims" category (representing approximately $6.83 billion in claim value) voted in favor of the restructuring plan. About 89.1% of creditors in the "US Customer Rights Claims" category voted in favor of the plan, representing approximately $60.99 million in claim value. In addition, 95.88% of creditors in the "dotcom convenience claims" category (representing $223.59 million in claim value) also voted in favor. According to FTX's bankruptcy plan, about 98% of creditors will receive at least 118% of their claims in cash. However, bankruptcy claims are assessed based on the value of the relevant cryptocurrency at the time. (The Block)