FTX Creditors to Recover 10-25% of Their Crypto
This decision has outraged FTX creditors, many of whom feel cheated and frustrated by the handling of the situation. According to FTX creditor Sunil Kavuri’s newly revised bankruptcy paperwork, the FTX Creditors will only receive 10–25% of their cryptocurrency back. The FTX creditor activist explained that the creditors would receive reimbursement based on the date […]
FTX Restructuring Faces Legal Hurdles
Sunil Kavuri, representing FTX’s largest creditor group, echoed these concerns and suggested in-kind repayments to avoid high cash taxes. The United States Trustee and a group of creditors are placing legal obstacles in the way of the restructuring plan of FTX, the cryptocurrency exchange that has gone bankrupt. This raises questions about the feasibility of […]