FTX says creditors overwhelmingly back reorganization plan

Cryptocurrency-trading platform FTX Trading, which declared bankruptcy in November 2022, said an amended reorganization plan won overwhelming preliminary support from all classes of creditors entitled to vote.

More than 95% of creditors who submitted votes on the amended plan, filed with the U.S. Bankruptcy Court for the District Court of Delaware, were in favor of it, the company said, citing unofficial voting reports.

Final voting results will be filed with the bankruptcy court before a confirmation hearing scheduled for Oct. 7.