FTX says creditors supported reorganization plan with 95% vote
FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.
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FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.
In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may extend “forbearance” to DCG in order to prevent a default. DCG’s Alleged [...]
The post DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini appeared first on Crypto Breaking News.
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