🚀 FTX creditors, you've got a choice to make! 💸 Cash or crypto for your repayments?
📝 Judge John Dorsey has given the green light for you to voice your preference. The deadline is August 16, so make sure you cast your vote.
🔍 Here's the deal: FTX plans to repay the dollar value of your crypto assets at the time of the exchange's collapse. They've even got a little extra in the kitty, with over $16 billion raised from selling assets.
💰 But here's the twist: since FTX's collapse, the crypto market has more than doubled. Bitcoin alone has seen a 281% increase.
👨⚖️ FTX lawyers insist this repayment plan is fair and in line with bankruptcy laws. Plus, it could save you from capital gain taxes. But not everyone agrees...
🔔 Activist Sunil Kavuri and other creditors have objected to the plan, citing issues with property rights and other legal requirements.
🗣️ What do you think? Fair deal or foul play? Let's hear your thoughts in the comments! #FTX #CryptoDebate