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FTX creditor representative: Compensation should be paid in physical form in cryptocurrency, not in dollar value
The "FTX bankruptcy plan" has been criticized by Sunil Kavuri, the representative of the largest FTX creditor group. Kavuri said that when FTX files for bankruptcy in 2022, the asset manager to be liquidated should be paid in physical cryptocurrency rather than in dollar value. Lawyer David Adler, who represents some of the creditors, also told the court that creditors would face huge taxes if they were paid in cash rather than in kind. Previously, it was reported that the United States...
2024-10-08 00:35:17
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