FTX Customers to Vote on Multi Billion Dollar Repayment Plan
- A judge allowed FTX to poll creditors on its Chapter 11 plan
- FTX said regulators are considering ways to help customers
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FTX customers will be asked in the coming weeks to vote on the failed crypto exchange’s multi billion dollar plan for compensating victims whose assets have been locked on the platform since it collapsed.
Judge John Dorsey said Tuesday he’ll authorize FTX bankruptcy advisers to begin soliciting creditor votes on a sweeping Chapter 11 plan to repay customers and resolve billions of dollars in government penalties related to the fraud-fueled implosion of Sam Bankman-Fried’s crypto business.