CoinFLEX Creditors Overwhelmingly Back Restructuring Plan in Early Voting

Sep 25,2022,21:32

CoinFLEX’s creditors have overwhelmingly backed the crypto exchange’s restructuring plans in the early hours of voting on the proposals. The company plans to turn over 65% of its equity to creditors and vest 15% to employees. After almost five hours of voting today, tokens representing more than 99% of creditor assets had agreed to the proposed restructuring deal, according to a poll on Snapshot. Voting is due to end on Tuesday.

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