FTX creditors have again opposed the reorganization plan, arguing that cash reimbursements will trigger taxable events, resulting in unjustified expenses for creditors.
According to the creditors, the reorganization plan:
⚫ Is unconfirmable as a matter of law
⚫ Includes releases not in the interest of the estate
⚫ Ignores property rights issues
⚫ Does not satisfy the best interest test
They suggested asset reimbursement in kind as a potential remedy.