**FTX bankruptcy plan sparks controversy, creditors face choice dilemma**

Dear blockchain enthusiasts, today we are going to talk about a highly watched cryptocurrency story. On October 8, BlockBeats reported a news about FTX's bankruptcy plan, which sparked a lot of discussion. Let's take a look at the ins and outs of this storm!

First, FTX's bankruptcy plan was criticized by Sunil Kavuri, the representative of the largest creditor group. Kavuri said that when FTX files for bankruptcy in 2022, the asset management agency to be liquidated should be paid in the form of cryptocurrency in kind, rather than in dollar value. This view resonated with many people. After all, for cryptocurrency enthusiasts, payment in kind is more in line with their expectations.

Not only that, David Adler, a lawyer representing some creditors, also expressed similar concerns in court. He pointed out that if creditors are paid in cash instead of in kind, they will face huge taxes. This undoubtedly adds more uncertainty to the already complicated bankruptcy liquidation process.

However, John Dorsey, a judge in the Delaware Bankruptcy Court in the United States, was not swayed by these objections. He approved FTX's bankruptcy plan and initiated the process of distributing funds to creditors. According to the plan, 98% of creditors will receive cash of approximately 119% of the value of their claims within 60 days after the liquidation plan takes effect. It is expected that between $14.7 billion and $16 billion will be returned to creditors.

The core of this dispute is whether it is more reasonable to choose cash compensation or physical compensation in cryptocurrency? This not only involves the interests of creditors, but also the stability of the entire cryptocurrency market. We are neutral on this issue, after all, everyone's position and needs are different.

So, what do you think of this dispute? Do you think creditors should choose cash compensation or physical compensation in cryptocurrency? Welcome everyone to express your views in the comment area and discuss this interesting topic with us! 😊

Finally, I would like to remind everyone that the blockchain and cryptocurrency markets are changing rapidly, and it is the right way to maintain rational investment and prudent decision-making. Looking forward to seeing everyone's wonderful views in the comment area!