FTX seeks creditor votes on bankruptcy wind-down payments

NEW YORK, June 25 (Reuters) – FTX on Tuesday will ask a judge to allow customers of the bankrupt crypto exchange to vote on a liquidation plan that would pay them back in cash, over the objections of some customers who have demanded higher repayments.

Since filing for bankruptcy, FTX has recovered up to $16 billion to repay customers, including over $12 billion in cash, and it says it will repay all customer claims in full. The company will ask U.S. Bankruptcy Judge John Dorsey to approve its disclosure statement and open voting on the wind-down plan at a Tuesday court hearing in Wilmington, Delaware.