The total compensation is 16 billion, but now only 6.83 billion is calculated, and more than 9 billion may flow into the market. This will increase traffic and reduce the selling pressure of FTX. Although some did not vote, it is presumed to have accepted, which means that 100% of creditors agree to the reorganization. The US Bankruptcy Law stipulates that if all creditors vote on the reorganization, they will enter the reorganization procedure.
If the creditors do not agree and the reorganization is unsuccessful, the court determines that all conditions are met for the reorganization but the reorganization is unsuccessful, and can directly rule that the reorganization will start. The reorganization requires a new operating team and institutional capital investment, and a specific operating plan must be submitted. When all conditions are met, it will set sail!
