PANews June 26 news, according to The Block, at a bankruptcy hearing on Tuesday, FTX's lawyers and creditors debated a disclosure statement. The disclosure statement provides creditors with more information to make decisions about FTX's reorganization plan. John Dorsey, a judge in the Delaware Bankruptcy Court, will have to approve the plan and the disclosure statement, and then creditors will vote on the plan before a confirmation hearing later this year. Some people, including FTX's largest creditor group, opposed the plan and said that cryptocurrencies should be paid in kind rather than in U.S. dollars when FTX filed for bankruptcy in November 2022. FTX's lawyer Andrew Dietderich said the plan was "largely agreed upon by both parties." They plan to initiate a vote and said one of the purposes of the vote is to get feedback from creditors.
