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coinpedia 2024-06-07 08:14:30

FTX Bankruptcy Drama: Creditors Object to Cash Payouts, Demand In-Kind Reimbursements

The post FTX Bankruptcy Drama: Creditors Object to Cash Payouts, Demand In-Kind Reimbursements appeared first on Coinpedia Fintech News A significant group of FTX creditors, led by Sunil Kavuri, has posed objection to the proposed bankruptcy reorganization plan of FTX, which gave rise to several concerns. One of the most primary objections is the plan not serving the best interests of the creditors. According to them, cash reimbursement would result in a taxable event, …

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