Wu Blockchain (@WuBlockchain): FTX creditor representative Sunil Kavuri called against the compensation plan. He argued that debts should be paid in cryptocurrency rather than their…
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FTX creditor representative Sunil Kavuri called against the compensation plan. He argued that debts should be paid in cryptocurrency rather than their dollar value at the time of bankruptcy. Cryptocurrency prices have surged. Losses to creditors exceeded $10 billion.… twitter.com/WuBlockchain/s… Quote [@WuBlockchain](https://www.twitter.com/WuBlockchain/status/1787993993495928947) > FTX expects the total value of property collected, converted to cash and available for distribution to be between $14.5 billion and $16.3 billion. If approved by the bankruptcy court, 98% of FTX's creditors will receive approximately 118% of their allowed claims within 60 days of…